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CZ 🔶 Binance Profile picture
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Jun 24 • 4 tweets • 2 min read
Going live with Yahoo Finance soon.
Listening to @saylor now, up next.
At least, they include #BNB now (but still in the wrong order 😂)

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More from @cz_binance

CZ 🔶 Binance Profile picture
Jun 25
Some subtle, but very interesting things happened in this past week. Most people probably won't get it unless it is spelled out. So, here it is.

Starting with @sopnendu, Chief Fintech Officer of Singapore MAS.

Thread: 1/7
MAS (SG regulator) organized the @pointzeroforum. Sop invited us, and we accepted in a snap. We both believe it is very important for industry players and regulators to communicate deeply. Sometimes privately, sometime publicly. PZF was a great public opportunity.
2/7
There were many misleading media titles about Binance/crypto, Singapore, etc. Many tried to drive a wedge between us. Example 👇

Truth is, Binance and SG MAS work closely and collaboratively together.
3/7
Read 7 tweets
CZ 🔶 Binance Profile picture
Jun 7
The facts are clear. According to Chainalysis, just 0.15% of ALL crypto transactions in 2021 were associated with some type of illicit activity. The UN estimates 2-5% of fiat (cash), worth $800B to $2T, was associated with some type of illicit activity. Let’s be real.
The Reuters article yesterday is a huge waste of time and resources. This is the last I'll say on it, and the last our team will interact with the writer.

The author continues to wear it as a badge of honor on Twitter when his fiction pieces get fact-checked after he publishes.
We're not perfect. We've made mistakes in the past, just as you’d expect from a young company operating in a disruptive new industry.

But that doesn’t give them the right to ignore their obligations to tell an objective story. It doesn’t even have to be balanced. Just fair.
Read 7 tweets
CZ 🔶 Binance Profile picture
Jun 7
This Reddit thread pretty much summed it up.

reddit.com/r/CryptoCurren…
FUD pushes people to our side.
Well, you get the idea.
Read 4 tweets
CZ 🔶 Binance Profile picture
May 16
1/5. Some interesting updates, full transparency and lead to protect users:

As it turns out, most UST pairs were 0 fee to begin with. (I didn't know that, our team had to tell me.) So, not much UST there.

We do have...
2/ Binance received 15,000,000 LUNA (at peak worth $1.6 billion USD, now not much) as part of the original ($3m) invest. 560x return at peak. It still sits on the address we received at 👇. Never moved or sold.

Address:
finder.terra.money/mainnet/addres…
3/ On this same address, we have about $12,000,000 UST from staking over time (not bought). Also never moved or sold.
Read 5 tweets
CZ 🔶 Binance Profile picture
May 15
1/8 These past weeks have proven to be a watershed moment for the crypto industry. We have witnessed the rapid decline of a major project, which sent ripples across the industry, but also a new found resiliency in the market that did not exist during the last market downswing.
2/ First, I need to address falsehoods circulating in crypto twitter.
3/ Binance did not participate in the 2nd round of Luna’s fund raising nor did we acquire any UST.

Binance Labs invested $3m USD in Terra (the layer 0 blockchain) in 2018. UST came much later after our initial investment.
Read 8 tweets
CZ 🔶 Binance Profile picture
May 13
1. At #Binance we prioritize user protection. We made the decision to suspend LUNA and UST trading. Here's why.

A thread 👇
2. An exponential amount of new LUNA were minted due to flaws in the design of the Terra protocol. Their validators have suspended their entire network, resulting in no deposits or withdrawals possible to or from any exchange.
3. Some of our users, unaware of the large amounts of newly minted LUNA outside the exchange, started to buy LUNA again, without understanding that as soon as deposits are allowed, the price will likely crash further. Due to these significant risks, we suspended trading.
Read 7 tweets

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