On 1-13-2023 I wrote an article on Publish0x titled "Cryptocurrency: This is not FUD, Is Binance in trouble?"

I wrote about a few issues at the time, they lost over 30 billion dollars in a shore period as well as the fact that they were planning to hire 30% more staff when everyone else was cutting staff. I questioned these things and asked if CZ knew something other didn't or was he another SBF just showing bravado with no real substance.  I still do not have an answer for that, I have never met the man. I just raise the question because the question was begging to be asked.

Now, news today regarding Binance indicates it may have evaded laws in the United States. Here is an article discussing the issue: https://www.thestreet.com/investing/cryptocurrency/crypto-billionaire-zhao-and-binance-are-in-big-trouble

Usually, when there is smoke, there is fire. Apparently CZ responded with "4" in a tweet suggesting to ignore FUD. To be honest, I hope Binance is not in trouble because it would tank the crypto market more than SBF did. Also, since CZ runs everything at Binance and was in charge of strategic decisions in the US market, jail would be in play. I hope not, but I do not hold out hope. Things did not make sense to me back in January regarding Binance, and this does not help put trust in the company.  

For the market's sake, let's hope they played by the rules. Otherwise, buying on the cheap will be there for those that can stomach the pain of the incredible market losses coming if Binance falls.