Review threads on possible black swan landings. -----Compared to others, I still trust CZ
It’s not a black swan, it’s just a gray rhinoceros. If you want to start a bull market, the final bubble must be eliminated.
Since the SEC targeted it, market share has been severely hit. Whether it was the news in 2022 about selling shares, resigning as CEO, etc., there are all rumors that the market share will be reduced. If you don't bow your head, it will become a black swan, and new forces will not be able to Confront traditional capital.
Let's review some of the linear events that happened yesterday.
1. First it was revealed that BN accepted a fine of US$4 billion and agreed to settle. Then data on the chain revealed that the hot wallet had been transferring nearly US$3 billion since the beginning of November.
2. Breaking news---CZ: Resigned as CEO, Richard Teng took over, and may make passive investments in the future. CZ subsequently resigned. This news caused an uproar. Originally, the market was still booming. As soon as the news came out, Bitcoin immediately fell back to around 35,500, and everyone Copycats dived, followed by panic.
3. Binance’s total fine exceeded US$4.3 billion, of which US$3.4 billion was imposed by the US Treasury Department.
4. Binance is required to appoint an independent compliance monitor to report its compliance efforts to the U.S. government.
5. The U.S. Treasury Department will retain access to Binance’s books, records, and systems for five years.
6. Binance’s new CEO: Will work with partners to promote Web3 growth and adoption
7. Coinbase CEO: The Binance incident will open a new chapter for the industry. - - Shenyu welcomes CZ to contribute to the DEFI cause. .
----------------Is it over? ------------------
8. The U.S. CFTC fined Binance’s former chief compliance officer $1.5 million, holding compliance executives personally accountable for the first time.
9.CZ’s sentencing hearing is scheduled for February next year.
10. On November 22, according to oinDesk, Binance founder and former CEO CZ was released on a $175 million personal guarantee.
11. Bloomberg: Zhao Changpeng’s sentence is expected to be no more than 18 months.
According to the official press release, Binance’s total fine is $4,316,126,163, which includes $3.4 billion from the U.S. Treasury Department’s FINCEN (Financial Crimes Enforcement Agency) and $968 million from OFAC (Office of Foreign Assets Control).
Court records show that Binance faces three criminal charges, including operating an unlicensed money transfer business, conspiracy charges, and violating the International Emergency Economic Powers Act.
At this point, the hero has come to an end for the time being. The black swan or the gray rhinoceros in the currency circle has ended. Just wait for the currency circle to open a new chapter.
