Binance Fined $4.3 Billion, CEO Pleads GUILTY

Changpeng Zhao, the CEO of Binance stepped down and pled guilty to anti-money laundering violations. BINANCE will pay $4.3 billion in fines according to the DOJ settlement.
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This video is an opinion and in no way should be construed as statements of fact. Scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100K/month for an upfront fee of $2K is a scam. Others would call it the “opportunity of a lifetime.”

30 gedachten over “Binance Fined $4.3 Billion, CEO Pleads GUILTY”

  1. CZ didn't answer that question "YES" because we all know that he had attorneys tell him exactly what he couldn't do. Let's not act like he wasn't under extreme scrutiny at the time

  2. But these rules came to be because someone before us did a version of what CZ did
    This entire system is just feeding a fraud or start your own , there are no profits in circles or squares just triangles , its systemic
    And also , why do these imo arbitrary lines in the sand decide where i can lose my money going long on EVERY currency and even make some profit shorting fucking alt coins
    I think you are an outstanding creator but sometimes the letter of the law is not the answer , in this example i don't see any party being more unethical than the other and they all do cahoots or intent to do so , over my back, the backs of regular and systemically disadvantaged people

  3. How much do you trust the war machine, that is the US government. Remind me who one of the biggest holders of Bitcoin is. It's laughable that coffee brings up so these scams, yet never once mentions the "loose money controls" of the most evil organisation. The US government. I guess that's because without it, he wouldn't be getting the wealth he does. The big 4 auditors… What a joke. Well known to be complicit in the collapse of the financial system. Binance just didn't buy enough US debt. That was their biggest problem.

  4. do we audit the federal reserve bank or the IMF? … they want to audit because they want full control of their business and they don't want competition … let make it fair … let also audit the federal reserve bank and the IMF and other big corporation like blackrock … they have a little saying … whoever control the money does not care what the government do… what that actually mean is … whoever control the money control the government … in this case most of the governments if not all they control

  5. Whose the new CEO of binance? Who appointed him? Why is CZ allowed to go back to be CEO after 4 years? Why didn't you mention these points. Are you just trying to produce FUD to be against crypto? You should do a part 2 to this. You seem to make entertaining content.

  6. @Coffeezilla CZ has NOT scammed anyone. Correct me if I'm wrong. It's totally different from Sam Bankman-Fried or Alex Mashinsky, who are actually scammers. I believe your assessment is unfair.

  7. Remember that S.B.F. called this guy a “sparring partner.” That “won” when FTX went bankrupt. It’s already clear that what they were sparring in is fraud based on these charges, the only question is whether Binance is an FTX level fraud. Get your money out! You don’t want to be one of the people that has to find out when you can’t withdraw your funds.

    On the bright side, Binance having so many Criminals money at any one time probably means that the CEO’s life is in danger if the exchange is secretly insolvent. So maybe he is restraining himself from setting up an Alameda research.

  8. Right under this video YouTube's algorithm showed me a "Happy 2024" community post from Binance. 😬 Someone should tell them.

  9. When a multi-billionaire admits they made mistakes, you can be sure they did some really bad things that they're trying to sweep under the rug. CEOs of companies never admit wrongdoing except when there are bigger things they're trying to hide.

  10. Saying a Big Four is unable to audit you is the biggest fucking redflag ever

  11. ok going to go back making tons of money in crypto, enjoy your cope

  12. Isn't the number 4 considered very unlucky in oriental countries?

  13. It’s ok, there’s probably plenty of other crypto exchanges that will accept binance’s lost money laundering clientele.

  14. On a side note, that darknet market being called “hydra” got a chuckle out of me

  15. The video ends with pudding and cheese…. I like pudding and cheese….. L.M.F.A.O.!!!!!!!!!!!!!

  16. Soooooooo…..
    EVERY ONE of my comments gets "fact checked" before being posted.
    That's how they're going to play the game, is it,……. utubz???

  17. And to think that you have people like Ronaldo promoting stuff like this on his insta.

  18. His mom calls hm stupid…what do you call all the saps that trusted him with their money? 🤔

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