Throwback, to when CZ seemingly confirmed how Binance was preventing BNB to crash below $212 by buying it themselves. Even if this all ends up as “FUD“, Binance most definitely can not be trusted with our Crypto.

There is probably no other topic as hot in Crypto right now, as the possibly downfall/implosion of Binance, the biggest Crypto Exchange by far, is being speculated over. There have been numerous reports of Binance commingling funds, not having a reliable Proof of Reserve, pulling out from many countries and the much-known rumors of them artificially pumping up their own token BNB.

For the latter there has been a relatively recent tweet by CZ who directly answered on allegations of Binance re-buying BNB through selling other assets and his answer is quite interesting:

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Tweet and the suspicious answer from CZ

Apart from the obligatory “4“, he basically does not deny the claim at all but instead tells us to look at how great the BNB burns and how great the SAFU fund is.

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BNB price with a 67% drawdown in the bear market, which is even lower than BTC. Even though seemingly no one buys or DCAs it.

 Further looking at the price chart and the fact that we all probably don‘t know one singular person that buys BNB, it is safe to say that BNB could not just hold so well in this bear market without some pumping by CZ himself…

This is all probably just another “4“ for CZ and even if it is, we should be aware that Binance in no way is too big too fail and CZ is acting just so aggressive right now that there must be some troubles behind the scenes, be safe.

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