Sunday, October 19, 2025
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Terms and Conditions
CryptoStandard.in
No Result
View All Result
  • Home
  • BITCOINS
  • CRYPTO NEWS
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • NFT
    • MINING
    • Regulations
  • BLOCKCHAIN
  • WEB3
  • METAVERSE
  • Guides 99
  • Cryptocurrency Wallets
  • Margin Trading
Crypto Marketcap
  • Home
  • BITCOINS
  • CRYPTO NEWS
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • NFT
    • MINING
    • Regulations
  • BLOCKCHAIN
  • WEB3
  • METAVERSE
  • Guides 99
  • Cryptocurrency Wallets
  • Margin Trading
No Result
View All Result
CryptoStandard.in
No Result
View All Result
Home Crypto Exchanges

Justin Solar deposits $100 million to Binance amid FUD marketing campaign

by cryptostandard
in Crypto Exchanges
Reading Time: 4 mins read
A A
0


Haru Invest

On Dec. 13, TRON founder Justin Sun tweeted that he had deposited $100 million to Binance. The accompanying transaction hyperlink confirmed 100 million USDC going to deal with 0xd189…eb48 at round 07:00 UTC.

Justin Sun deposits $100 million in Binance
Supply: @justinsuntron on Twitter.com

In response, Binance CEO Changpeng Zhao (CZ) mentioned the funds have been associated to a deal bringing BUSD to the TRON blockchain. However he isn’t positive of the exact nature of the deposit.

“That is a part of deploying BUSD on TRON, I believe. Cross-chain swaps. Unsure of the main points. Indirectly dealing with it myself.“

Doubts over Binance’s Proof of Reserves and ethics

At present, Binance is within the firing line over solvency issues and allegations of unethical administration.

The problems stem from a number of incidents, together with doubts over the efficacy of its current Proof of Reserves (PoR) report from audit agency Mazars. The report discovered, as of Nov. 22, the trade held adequate property to cowl customers’ balances. Nonetheless, educated observers panned the scope of the report.

Kraken CEO Jesse Powell mentioned the Mazars report was “ not a conventional Proof of Reserves.” He raised a number of factors, together with why the collateral worth was used, destructive balances have been included, and the dearth of pockets signing.

On deliberately FUDing a competitor, Powell denied the accusation, saying he was making factors on “misinformation about Proof of Reserves,” akin to redefining phrases and the issues of utilizing collateral accounting.

Equally, a current Reuters article mentioned the U.S. Division of Justice is considering bringing motion in opposition to the trade and key executives over compliance and cash laundering costs.

In response, Binance mentioned the information outlet “has it unsuitable once more,” and included a press release despatched to the information outlet and a hyperlink to a weblog put up on the corporate’s efforts to stamp down on cybercrime.

Crypto Twitter pumps the FUD

Crypto Twitter is awash with warnings on Binance, together with a current put up from investor Mike Alfred, who notified customers to take away funds from the trade.

Mike Alfred warning about Binance
Supply: @mikealfred on Twitter.com

Alfred later posted about promoting stress sinking the worth of BNB and triggering a de-peg of BUSD. Binance’s native BNB token is down 5.7% over the past 24 hours, whereas BUSD did drop to $0.981941 however quickly recovered and is buying and selling at $0.997600 on the time of press.

Commenting on the scenario, Analyst @Anbessa100 mentioned the FUD was “revenge for taking down FTX,” calling the bankrupt platform a “US cash laundering operation.”

CZ known as the FUD “completely annoying” however conceded that “it helps us develop” and unites Binance supporters.

Learn Our Newest Market Report

Get an Edge on the Crypto Market 👇

Turn into a member of CryptoSlate Edge and entry our unique Discord neighborhood, extra unique content material and evaluation.

On-chain evaluation

Worth snapshots

Extra context

Be part of now for $19/month Discover all advantages





Source link

Tags: BinanceBitcoin NewscampaignCrypto NewsCrypto StandardCrypto UpdatesDepositsFUDJustinLatest Bitcoin NewsmillionSun
Previous Post

Find out how to Declare IMPT Tokens and Uniswap DEX Information

Next Post

PHB Should Maintain Above $0.56 To Safe A Restoration

Related Posts

Nvidia on Tempo for Report Highs

Nvidia on Tempo for Report Highs

by cryptostandard
0

The Each day Breakdown takes a better take a look at the sizzlin’ semiconductors, as Nvidia and AMD are set...

The parable of greenback dominance

The parable of greenback dominance

by cryptostandard
0

The next is a visitor publish and opinion from  Dr. Jae S. Jeong, Co-Founder and CTO, Gurufin.In the present day’s...

EigenLayer (EIGEN) Worth Prediction 2025 2026 2027

EigenLayer (EIGEN) Worth Prediction 2025 2026 2027

by cryptostandard
0

EigenLayer Overview Our real-time EIGEN to USD worth replace reveals the present worth as $1.3012698550634 USD. In accordance with...

Microsoft and Meta Crush Earnings

Microsoft and Meta Crush Earnings

by cryptostandard
0

Microsoft and Meta crushed their earnings expectations, whereas Bitcoin consolidates its run to file highs. The Each day Breakdown dives...

Hyperscale Knowledge begins executing M XRP plan, shares leap 12% amid announcement

Hyperscale Knowledge begins executing $10M XRP plan, shares leap 12% amid announcement

by cryptostandard
0

Knowledge heart Hyperscale Knowledge introduced that it has begun buying XRP as a part of a beforehand said plan to...

Load More
Next Post
PHB Should Maintain Above alt=

PHB Should Maintain Above $0.56 To Safe A Restoration

Maple Finance Debt Signifies Crypto Lending Dangers

Maple Finance Debt Signifies Crypto Lending Dangers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT
#
  • Trending
  • Comments
  • Latest
Crypto.com Denies Claims of Hidden 2023 Knowledge Breach

Crypto.com Denies Claims of Hidden 2023 Knowledge Breach

Dubai cracks down on unlicensed crypto companies as UAE reinforces international crypto hub standing

Dubai cracks down on unlicensed crypto companies as UAE reinforces international crypto hub standing

New, clear and clear crypto pricing construction

New, clear and clear crypto pricing construction

Hedera Continues To Consolidate Close to Its Lowest Degree This 2022

Hedera Continues To Consolidate Close to Its Lowest Degree This 2022

Uzbekistan Approves Guidelines for Issuance and Circulation of Crypto Property – Regulation Bitcoin Information

Uzbekistan Approves Guidelines for Issuance and Circulation of Crypto Property – Regulation Bitcoin Information

An professional’s information to Robert Rauschenberg: 5 must-read books on the US artist – The Artwork Newspaper

An professional’s information to Robert Rauschenberg: 5 must-read books on the US artist – The Artwork Newspaper

Ethereum Worth Slides Beneath ,000 Assist As Sellers Tighten Their Grip

Ethereum Worth Slides Beneath $4,000 Assist As Sellers Tighten Their Grip

Cycle Peak Countdown Indicators 99.3% Completion

Cycle Peak Countdown Indicators 99.3% Completion

Brief-Time period Holders Transfer 46,524 Bitcoin to Exchanges: Revenue-Taking And Capitulation Combine

Brief-Time period Holders Transfer 46,524 Bitcoin to Exchanges: Revenue-Taking And Capitulation Combine

Nvidia on Tempo for Report Highs

Nvidia on Tempo for Report Highs

Offset Labs Secures Pre-Seed Funding in Spherical Led by Archangel Ventures

Offset Labs Secures Pre-Seed Funding in Spherical Led by Archangel Ventures

An professional’s information to Robert Rauschenberg: 5 must-read books on the US artist – The Artwork Newspaper

An professional’s information to Robert Rauschenberg: 5 must-read books on the US artist – The Artwork Newspaper

CryptoStandard.in

Find the latest Bitcoin, Trending Crypto Updates, Altcoins, Blockchain, NFTs, Crypto Regulations, Interviews, Price Analysis, and more at Crypto Standard

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Terms and Conditions

Copyright © 2022 - Crypto Standard.
Crypto Standard is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • BITCOINS
  • CRYPTO NEWS
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • NFT
    • MINING
    • Regulations
  • BLOCKCHAIN
  • WEB3
  • METAVERSE
  • Guides 99
  • Cryptocurrency Wallets
  • Margin Trading

Copyright © 2022 - Crypto Standard.
Crypto Standard is not responsible for the content of external sites.