1๏ธโฃ SEC Chair Gensler allegedly offered to serve as an ADVISOR to #Binance, the #crypto giant, in 2019.
2๏ธโฃ According to #Binance's lawyers, Gensler had multiple conversations with Binance executives and even met their founder, Changpeng Zhao, for lunch in Japan.
3๏ธโฃ At the time, Gensler was teaching at MIT, but fast forward to 2021, and he becomes the head of the SEC.
4๏ธโฃ The SEC recently filed 13 charges against #Binance, accusing them of various violations.
๐ Binance's lawyers claim that Gensler was trying to get cozy with the company before all of this went down!
5๏ธโฃ Not only did Gensler allegedly stay in touch with CZ after their meeting, but he even interviewed him for a #crypto course he was teaching at MIT!
6๏ธโฃ #Binance's lawyers revealed that Gensler sent Zhao a copy of his intended testimony before testifying about Facebook's #crypto plans.
7๏ธโฃ #Binance's lawyers requested Gensler's recusal from any actions involving the company due to their alleged ties, but they received no acknowledgement from SEC staff.
8๏ธโฃ SEC spokesperson claims Gensler is in full compliance with ethical obligations, including recusal.
9๏ธโฃ This shocking revelation raises serious questions about Gensler's actions as SEC Chair and his impartiality when it comes to regulating the #crypto industry.
๐ The SEC's investigation into #Binance began after Gensler and Zhao's alleged last contact.
But what led to this sudden change in the relationship?
๐ Spread the word, retweet this thread, and stay tuned for more updates!
๐ The crypto community deserves answers ๐ช
Liked the thread! Donโt forget to retweet the first tweet and follow for more ๐ฅ๐
2๏ธโฃ According to James Roberts, a Commonwealth Bank executive, the bank is concerned about the "HUGE scale of investment scams" involving #crypto exchanges.
๐บ๐ธ SEC's Gensler hints at "parallels" between #Binance and FTX, but one exchange mysteriously escapes the lawsuit ๐ฑ
1๏ธโฃ The SEC's Chair Gary Gensler just revealed mind-blowing connections between two major #crypto exchanges: #Binance and FTX.
๐ But there's a shocking twist ๐ฑ
2๏ธโฃ According to Gensler, both #Binance and FTX have allegedly used sister firms to move funds, raising serious concerns about fraud and manipulation.
๐ But while Binance faces a barrage of lawsuits, FTX remains untouched ๐ต๏ธโโ๏ธ
North Korean Hackers Strike Again, Stealing $35 Million ๐ฑ
A thread ๐งต
1๏ธโฃ North Korean hackers have allegedly pulled off yet another mind-boggling heist, stealing a jaw-dropping $35 MILLION from a prominent #crypto service ๐ฑ
2๏ธโฃ The target of this audacious cyberattack was none other than Atomic Wallet, an Estonia-based company boasting a whopping 5 million users of its software ๐ฎ
๐ The hackers reportedly drained the #crypto accounts of certain customers ๐ฑ
๐จ The 8 Events That Shook the #Crypto World ๐ฅ
Brace yourself for the jaw-dropping moments that shook the industry to its core ๐ฑ
A thread ๐งต
1๏ธโฃ Mt. Gox Hack (February 2014):
๐ The closure of Mt. Gox, once the largest #Bitcoin exchange, following a massive hack that resulted in the loss of 744,408 #BTC, leading to bankruptcy and investigations.
2๏ธโฃ Bitcoin Cash Hard Fork (August 2017):
๐ A disagreement among #Bitcoin developers led to a hard fork, resulting in the creation of Bitcoin Cash (BCH), which aimed to address scalability concerns by increasing the block size.