Is CZ and Binance Next To Collapse? 😳

Is CZ and Binance Next To Collapse? 😳

On December 13, 2022, the Youtube channel of Only The SAVVY released a new content that caught our attention, this article will be able to give a spotlight on it and why not make you discover this video.

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For your information, you can find below the description of the video Is CZ and Binance Next To Collapse? 😳 published by the Youtube channel Only The SAVVY:

Before news broke about the arrest of disgraced former CEO of FTX, Sam Bankman-Fried, Binance found itself trending on Twitter, as Reuters reported an “exclusive” report that U.S. Justice Dept is split over charging Binance. Reuters reported;

Splits between U.S. Department of Justice prosecutors are delaying the conclusion of a long-running criminal investigation into the world's largest cryptocurrency exchange Binance, four people familiar with the matter have told Reuters.

The investigation began in 2018 and is focused on Binance's compliance with U.S. anti-money laundering laws and sanctions, these people said. Some of the at least half dozen federal prosecutors involved in the case believe the evidence already gathered justifies moving aggressively against the exchange and filing criminal charges against individual executives including founder Changpeng Zhao, said two of the sources. Others have argued taking time to review more evidence, the sources said.

The credibility of the mainstream press has plummeted as of late, with Gallop reporting in October of 2022 that only 34% of Americans trust that the media is reporting “fully, accurately and fairly” …which remains near a record low. The media’s reporting tactics draw eerie comparisons to days of William Randolph Hearst’s yellow journalism style of newspaper reporting… emphasizing sensationalism over facts. This seems to be the case, according to Binance, who tweeted;

Reuters has it wrong again.

Now they're attacking our incredible law enforcement team. A team that we're incredibly proud of - they've made crypto more secure for all of us.

Here’s the full statement we sent the reporter and a blog about our remarkable law enforcement team.
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