Is Binance Under Attack?

IS ?????????????? UNDER ???????????? ? ??Let's take a deep dive to know what's going on.????

¦?There are few things that are certain in #Crypto : prices going up and #FUD against #Binance .¦?Since the #FTX collapse, Binance has been targeted by regulators, media companies, and individuals.

¦?This has led people to wonder whether regulators will crush Binance.¦? Let’s see what the FUD is around Binance and its impact on the market and your portfolio ??

1?? SEC charges BUSD issuer¦?Recently, the #SEC charged #Paxos with selling unregistered securities.¦?PAXOS issues #BUSD and BUSD is supported by Binance.¦?Binance even charges 0% trading fees on BTC/BUSD pairs.

¦?BUSD market cap has dropped by $2.5 billion since the SEC charges. But still, Binance is operating as usual.

2?? Kevin targets CZ Binance¦?Kevin O'Leary has been targeting #CZBinance for FTX demise since the collapse of FTX. ¦? Kevin has said it numerous times that Binance is a big, unregulated entity, and regulators should clamp down on it.

¦?He also claimed that the BNB token has no utility, despite the fact that the #BNBChain has the 3rd-highest #TVL .

¦?He also mentioned that the top 2 wallets hold 97% of the total #BNB supply, which is wrong as the top 10 wallets hold 42% of the total supply, and some of them are exchange wallets, which hold assets on behalf of millions of customers.

3?? Media reporting false news¦?Yesterday, #Bloomberg reported that Binance is planning to delist all US-based tokens.

¦?This sent fear into the market as people thought US-based tokens would dump. ¦?Later, CZ clarified that it’s false news and they are just pausing some investments in US companies.

WHY SHOULD YOU CARE?¦?Despite numerous baseless FUD around Binance, it is still standing strong and operating as usual.¦?There are a few worries around Binance, especially after the charges on PAXOS, but they will probably be short-lived.

¦?Binance is a behemoth in the crypto space, and any harsh regulations on it can deteriorate the entire market in the short term.¦?So the best thing one can do is to take out your coins from exchanges. Always remember “Not your keys, not your coins.”

Who is behind this coordinated attack on Binance?

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