hi there friends welcome my name is Aura I am the crypto profit and this video is going to be a deep dive into binance CZ and what has happened the ongoing saga the ongoing binance story binance binance binance uh I'm not saying binance is going away uh maybe it should binany but I'm not saying it is I will dive in deeply to what's going on in the ongoing binance saga because this is a saga and this is believe me just the first chapter in fact maybe the second chapter there's more chapters there's more chapters chapters are coming and they're being written as we speak so I will
I just devoted a 1hour call to this for my members but here I have a little bit more sort of backstory that I will share with you if you want more information of course that's in the members area but this should give you a good heads up about what's going on in this ongoing binance saga so let's get started as I'm sure you know by now if you are in crypto that uh CZ who is the CEO a changping Zhao who is the CEO of binance was fined he pled guilty to the charges of illegal like money stuff racketeering laundering whatever it was there were about a dozen or more charges filed aga
inst him he pled guilty and he agreed to pay a $4.3 billion fine well binance is paying 4.3 billion he's paying about 450 million personally he has made it a lot of assurances that binance is in fact very wealthy and has plenty of Deep Pockets gee I wonder why could that have anything at all to do with the fact that binance is tied intimately with the creation of tether tether operates in crypto much the same way as the FED operates and works the US dollar right so they've had this unfair Advantage for a very long time binance has in the market so quick side note uh CZ seems to
be stuck in the US where he would I'm sure much rather be back in China with his CCP buddies but he is stuck here in the US at the moment so it appears that the SEC The Regulators whichever three-letter four-letter agencies involved in this is actually doing their job by going after some criminal activity in crypto and this I have been saying for a very long time is a criminal operation and binance is not up and up I don't like them I have never recommended my members use them I've said to stay far away I would still stay far away from binance and in fact binance I think lost ab
out a billion dollars with people withdrawals over a 24-hour period after this sentencing came down so that was pretty big but it doesn't really matter when you're putting all the water in the pond yourself when just a few drops leave which is essentially what we're looking at with uh the situation with binance but don't trust me I have some more information that I will show you about this to back up what I am saying H anybody else think that's kind of weird anybody hello hello hey someone help me get out of here anybody H so I'm sure you all can understand the parallels being
drawn between CZ and SBF I don't know what is it about these initials in crypto CEO land they seem to all be Bad News Bears right not good guys so of course SBF and FTX and the big Fiasco there where SPF has been uh sentenced to 99 years and all of this and so they're trying to find money and get their money back and do all kinds of things to theoretically pay back their debts so that this is just you know two pe's in a pod right over here so we have CZ also facing the similar sort of charges so here I just thought I'd give you the two guys uh buddy buddy right there just to sho
w you that they definitely knew each other and they say this is fine so let's get to the meat of the story this is Jared Tate's uh Twitter or X account Jared Tate of course is the creator of digibit right so he mentions that in here so let's go let's go through the because there's really a lot to unpack so my heartfelt message to the digii and Global crypto Community about the true state of crypto and digibyte dear digibyte and crypto Community the beef between myself CZ and binance started in the fall of 2017 I will spare you the recap as you can read the detailed history in th
e second tweet in the thread quoted below and I will I will get to that I came into Bitcoin in 2012 because I believed in the idea of decentralized money outside the control of any single person entity or group a truly a truly free way for people to take charge of their own financial future and to change the way the world works for the better it has been nine plus years now since the day I created digibyte in 2014 and now I find myself at a tough gut checking Crossroads AC Crossroads everyone in all of crypto has arrived at yet few of us will acknowledge or admit 90% of all digi
byte trading activity and the largest wallets in the world are controlled by a single exchange run by a single person with dictatorial like control over not just digibyte markets and data but almost every other crypto Market on Earth the same person and entity also owns and controls the most trafficked crypto data rankings website coin market cap between binance exchange and coin market cap CZ has the ability to manipulate and control the price attention data and rankings for every crypto Market out there this is not the crypto world I signed up for or spent over a decade of my
life life trying to build it is the total opposite binance is all of crypto by the balls and he can squeeze any time he wants I find it absolutely disgusting how many supposed decentralization loving crypto influencers are attacking the SEC for calling out and trying to police a blatant criminal pump and dump platform that has been destroying crypto for years and operating outside of any legal jurisdiction with impunity yes I agree the SEC has created a regul nightmare but why are so many people cheering and rooting for a complete Monopoly in crypto run by people operating comp
letely outside of the law of Any Nation doing things that any normal person would have gone to jail for long ago that's the key here this is absolutely true and so I completely and totally agree with Tate in this and what he is saying many of you only care about money and price going up regardless of how that happens that's very shortsighted of you ask yourself a simple question do you really think this technology will ever matter if a single entity ran by a single person controls 90% of everything that's 10x worse than the Legacy banking system we have today 100% absolutely I c
ompletely and totally agree with Jared Tate when he says this I have watched digibit be actively suppressed the last three years and those of us who love digibit and are digibit hodlers have also watched this and we are hodling because we know this is a good coin though W so it was actively suppressed the last three years through wash trading crooked Market making and the most untrue unethical and deceitful crypto index rankings ever created digite will never gain attention in widespread adoption as long as this activity continues and every honest exchange trying to operate by t
he rules is regulated out of existence it's a tough pill to swallow and only now after watching the reaction of the crypto media and most influen inuence who are influencers who are likely getting paid yes they are likely getting paid do I realize how hard that truth pill is to swallow if the majority of people in crypto want a centralized King maker with total control of all crypto markets then I don't want anything to do with crypto just know this when the time comes for a Chinese or Western back cbdc to be rolled out to the world with total authoritarian control and they use
a regulated binance to do it don't say you were not warned the binance Eco system is the most obvious way for the banking Elite to roll out a global cbdc the only way for crypto to successfully free Humanity from the oppressive evil of centralized fiat currency is to embrace widespread adoption of truly decentralized exchanges or dexes and to move away from centralized crypto exchange kingmakers and I mean actually really truly completely decentralized exchanges not the majority of so-called deck is run by wolves in sheep's clothing so I just have to like applaud Jared Tate fo
r just calling it out okay and for saying it like it is because I feel there's not a single word in what he said in that statement that is disingenuous I feel it is absolutely completely calling the market as it is and in fact this is what I've been saying to my members and out here on my channel for years now my channel is actively repressed by YouTube I wonder why I'm not being paid by the various pump and dump coins that are paying influencers to sh them to you guys this is why and this is how including through binance the market is pumped and crashed right and if you're not
an Insider who knows the price they're going to pump pump it to you are not on the uh short list to get the profits and this has been and basically Jared Tate is calling out binance for doing exactly that and I will show you some more evidence of that next okay I just have to really also point out that this idea of dexes is insanely important the idea of true decentralized exchange is really important he is saying most of them are wolves in sheep's clothing and he is correct there are very few that are uh really good and most of what got pumped uh all through 2020 and 2021 was p
umped by binance for specific reasons because there are there's an organized force behind all of this so you guys need to understand just how manipulated this game has been in this last cycle now I was always very clear that we were not in a bull run yet that the market did not hit a bull run even though it went up to uh $67,000 almost $70,000 it was still not a bull run why because it was a manipulation right so crypto has yet to hit hit its bull legs that has not happened yet so it's really important to understand and Bitcoin specifically is a great coin uh of course because
that is the you know the the yard stick for the whole Market uh I guess you call that the reserve currency right but digibyte is another one that I have consistently long-term had very very strong and good feelings for partially because of how great the leadership is you have to understand that the people Behind These coins are half of what you're voting voting for right if you were voting for FTX you would be so today same thing with CZ and binance kind of help hello hello I'm stuck here hello help these are not good people to put your money behind so it's really important to
understand that when you're behind a crypto you're also behind the people you're you're you're putting your money behind the people and it's important to do that research and understand who they are and what they are doing but let's move on okay so moving on to what uh what Jared Tate was saying no one should be surprised by this uh it's been coming for over five years binance has been a criminal Enterprise since day one I would bet the doj gets involved next so the SEC you know today we charge binance Holdings uh bam trading Services which together with binance operates binanc
e us and their founder Chang Pang Zhao with a variety of Securities Law violations we are operating as a effing unlicensed Securities Exchange in the US a bro binance Chief compliance officer 2018 that's a quote from the binance chief compliancy officer this is obviously a crime and this is like a big middle finger to the lawmakers because they're running for the uh other side essentially these are quarterbacks for the other side the other team against the US just understand that these are the the players this is the game but wait there's even more goodness from Jared Tate uh o
n this thread that's actually kind of hard to find in Twitter Twitter I find or a whatever you want to call it a little hard to follow the thread of the information of what's being talked about you just get a bunch of people pumping a bunch of you know Shiite coins over there on anybody's uh thread if they are you know a big person somebody who's like a CEO of one of these coins like Jared Tate you just get you have to sift through a bunch of garbage but even that wasn't showing up when I was trying to uh bring this up for you but fortunately I photograft it so here's a little b
it more of this chocolatey goodness from uh from from Jared Tate so it referenced the bitfinex uh thread who has also done a really good job of uh exposing a lot of the criminality at uh bitfinex which I even before they were out was saying these guys suck so on April 6th 202 2 binance listed yet another Shiite coin on binance binance's own Market faking desks went on to wash trade up to 35% of the volume with wash trading that's just one single Shiite coin Sigma coin wash traded 51 out of 58 Shiite coins on binance us now go and imagine binance.com wash trading what's wash tra
ding wash trading is where they create a bunch of fake transactions in order to build up the volume for a coin and pump up the price and the action on it okay it's completely illegal absolutely criminal if it was done on the stock exchange it would be shut down right away because there are too many people watching it right now crypto they can get away with it because we don't have regulatory oversight so let's continue with this because this is interesting right so for example on April 6 2022 the binance US platform made the crypto available security Cody available for trading s
hortly after Cody was available on the bining an us platform Sigma coin engaged in substantial wash trading in Cody the following chart summarizes this activity over the ensuing 11 days in which Sigma coin uh chain represented as much as 3 5.52% of all Cod trading volume on the platform so one thing to understand is that they need to create an entity in order to do this wash trading they can't do it just straight from binance it has to look like it comes from some so if you go in here you can uh let me blow it up a little bit you can kind that's about as big as I can make it but
you can see this if you want to stop the screen and go in and examine it you can and that will give you a little bit more insight into what they're saying furthermore B bitfinex went on to say binance also allowed you to wash trade on your own bids on your own accounts this made wash trading that much more convenient for Market manipulation no need to set up multiple accounts binex has this same exact dot dot dot so here's that um moreover in January 2021 uh bam trading director of institutional sales informed bam CEO that uh that apparently we have nothing in place to prevent
wash trading just tested myself sold Market order to my own bid into my own bid he then warned that he was not sure if this is being exploited on any level the lower the fees for Market maker the uh easier it might be to manipulate the market so in other words he went in and tested it himself bit finex and checked to see if he could wash trade his own bids and he did with no problems no problems at all and he goes on to say binance calls their wash Traders market makers I've said for years that these are not market makers they are Market fakers just more evidence that I've been
right about wash trading on Tether fraud exchanges and bit finex is 100% correct one of the golden few people in the marketplace who call things as they are who say it as it is who have been exposing the truth things that I've also been doing all my time out here since 2017 2016 I've been out here so bit finex went on to say binance wash trading was between 70% and 99% at the start of the binance fraud exchange on the first day when they opened and here's what he says uh Zhao and or associated with binance senior employees constituted more than 99% of the initial hour of tradin
g volumes in at least one crypto asset by the end of the day wash trading by these accounts amounted to nearly 70% of the same crypto crypto assets total volume basically saying that Zhao and friends and the uh the binance team created a lot of volume manufactured a lot of volume in order to get binance to jump start really with a bang in order to have people say oh my God there's a lot happening over at binance I better go trade there so that is what they did of course this succeeded in helping binance to get a jump start and become a successful platform for the future and it
did become the number one platform people used it wound up becoming the yard stick the market maker the instrument panel that we used to guide ourselves on the prices in crypto and yet it was all false it was all lies and this goes back to what Jared was saying about how the SEC was not the bad guy in this story this guy Joel Vin whatever picking binance as the boogeyman over the SEC is absolutely baffling and indefensible and Jared Tate says turning over absolute control of 90% of all crypto markets as well as all data rankings and analytics which can be manipulated by Will by
a one person by one person is absolutely baffling and indefensible especially an entity known for blatant pumps and dumps extortion and criminal money laundering yes exactly that is why binance is not to be trusted that is why what happened to to Zhao the uh the fine that was levied against him is nothing nothing at all compared to actually what he was doing and it it has for a long time been a situation where most people who do their research in crypto understood that tether was a sword hanging over the head of uh crypto that could come down at any time and wreck the whole mar
ket so everyone under who was aware understood this also understood that if you had the good assets and just held on to them you were going to be fine you need to understand of course that if crypto wasn't insanely valuable you would not have have these players on the stage trying to control it right specifically of course Bitcoin but there are a lot of cryptos that are very very valuable now going back to the feud between you know Chang Pang Zhao and uh um Jared Tate of digabit the reason there was an issue there and this is part of it that I didn't screenshot but it's also in
the Twitter Twitter thread if you want to go there and just search you know Jared Tate's Twitter account X account and look it up because it's on there he basically there was a conversation where binance uh asked Jared Tate to list digibyte on binance and then they wanted to charge him some kind of exorbitant fees and he said no I don't pay for that I don't think so and then they started and he called them out about it he called them out on Twitter he called them out publicly and said why are they charging us these exorbitant fees to list on on binance and and they were really
high fees right so even any fee should be it's a pay-to-play operation if it's a fee if they're asking any coin to pay to be listed there that means they're only taking there to take money from anyone it's like um uh it makes me think of clubs in La where uh you know musicians have to pay to play and it's like they don't care if the musician's really any good or not they just want to get the musician to pay and then they'll take the door money as well and that's essentially what uh binance did so uh Jared Tate said no I'm not doing that you should be um vetting your coins you sh
ould be picking coins that are good you should be working in on behalf of the market in order to be a place for good coins to be in the market and yet that's not what they were doing at all they were completely gaming the system so this became a big heated debate where essentially binance demanded that Jared Tate apologize and that his people apologize for basically calling out the way things were and you know it it became this whole thing and if you listen to that thread it's quite clear that Jared was just standing on principle and the um whole binance team was like you're yo
u have to apologize for not liking how we're controlling the market and how we're dictating that everyone give us you know a big chunk of their pie in order to be in our game which we just set up fraudulently and that is exactly how it went down so those are the highlights of what is going on with the binance story now do The Regulators know the rest of it well of course I mean it's not like Jared Tate's Twitter X account has been hidden it's not like he's a invisible person in the crypto space this is the head of one of the oldest cryptos in the market a coin that I would call
a first or second wave coin actually which is also part of what I talked to my members about is the waves of the market and the the levels and times in which things are going to roll out in terms of their uh adopt adoption in the world okay so of course Bitcoin is wave one and that's why it's first but so this is really a much bigger deal and it is also a very big unfolding story and there will be a lot more unfolding coming to the surface coming to the public over these next weeks and months and I had to give you that background in order to give you this uh future prediction
so that you understand exactly what's going on in crypto now just because all of it was manipulated by binance doesn't mean it's going to stop right away it also doesn't mean that all those prices don't have significance we are moving into some weird pattern interruptions and some ma major big changes that are going to happen in crypto in stocks in Bonds in the dollar in everything all over the place we have all these patterns that are coming into like a jarring interaction with each other and we are moving into major majorly disruptive times in the world and so these are not g
oing to happen in the ways they have in the past because a lot of them are being multi applied some of them are being canceled out some of them are going like this as they fight with each other so this is essentially a Synergy of Cycles okay that are crashing up against each other and we will be seeing this a lot a lot a lot in 2024 now is binance going to die I don't see binance dying I do see it going into a control you know there's a battle for control over binance binance has been used for a purpose just in the same way FTX was used for a purpose there are some people at the
SEC there are a couple players at the SEC who are really good really good people absolutely on the side of the public trying to create an honest system they are absolutely fighting an uphill battle because there are also you know lots of people in charge of these agencies I'm not saying any names who are bought and paid for by cabal uh control factors who want to put their arms around crypto control it and turn it into this digital CBD system that controls you right with a microchip and blah blah blah however there are the good cryptos that will be our solution and those who ha
ve paid attention who are not the you know opportunity Seekers uh addicts you know gamblers who run into the market and want to 200x their money in five minutes on some pump and dum shite coin those real people the real investors those are my tribe right these are the people who have been in my membership and these are the people who are going to succeed in spectacular ways it is not going to be small it is going to be a shock to everybody else standing on the sidelines and also all those fools who are like just gamblers trying to 200x every coin who haven't taken the time to a
ctually understand who haven't used what God gave them or maybe didn't I don't know between their two ears to think so if you're not willing to think uh good luck to you okay somebody else will do it for you and that's what's coming so that is who I'm here for I'm here for the people who use their brains people who are willing to to dig under the surface and to look at what's really going on right so that's what I offer and I hope you've enjoyed this give me a comment down below whether you've used binance do you like binance do you want to say by Nance um say bancy if you don't
like it um and let me know I'd love to hear what you guys have to say because this one has been making me angry for quite a long time and I've been waiting all these years to actually have something to back me up to be able to come out and say what I'm saying right now I've said it I mean I've said it to my members I've said various pieces of it but this is giving me the substance I needed to actually give you the whole picture so I really hope this was insightful for you I really hope it gives you a better idea of what's going on and why crypto is so huge it is so important th
ey wouldn't be doing this they wouldn't be creating a trillion a you know crypto became a three trillion Doll Market when it hit its peak so they wouldn't have created a$ three trillion doll market around all of cryptos if they weren't important if it wasn't scary if they didn't want to stop you from having your freedom from they if they don't want to take your money when you have the good coins they don't want that and they don't even want you to know what the good coins are and that's what binance did is it muddied up the waters and Confused everyone unfortunately that's not c
hanging soon eventually it will but um Jared is absolutely correct we do need good clean dexes truly decentralized exchanges to do our trading on in your own wallet that's what a decentralized exchange is you don't put your coins on the exchange you keep it in your wallet you do the swap the swap comes into your own wallet and you never give up control to some entity that could just wash trade everything and create whatever story they want now I know there are plenty of people out there in the financial world who will say that's a reason crypto is scary that's a reason to stay o
ut of crypto that's a reason why you want to have those you know people at Black Rock protect you with their ETF and things like that well that's just another way to steal money especially the crypto from you so those ETFs are worse than binance worse than binance the only thing that is the safe way to invest in crypto and to succeed in crypto is to buy it and put it in your own wallet and hold it and that is the safest um strategy for all the good cryptos right and then there's a whole lot of detail in terms of which ones and how and what how long you want to hold it and blah
blah blah but the takeaway here is if you don't hold it you don't own it this is true with crypto this is true with gold this is true with silver this is true with the title to your car this is true with the title to your house even then you still have to pay you know taxes if you don't hold it you don't own it that is the big takeaway and of course hodlers and investors outperform Traders because Traders are all swept up in these games and I guarantee you there's none of them who see all of it none of them nobody can see everything it's not possible we're not we're only human s
o you know understand that mistakes can be made in the crypto Market doesn't mean you can't be massively successful but it does mean that you're a Maverick if you're here you're a free thinker you're a Trailblazer and so pat yourself on the back hang on hoddle because your day is coming and it's coming sooner than you think so that's it wish you all well thank you guys for joining me and bye-bye
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