Bitcoin University's video: Binance In Trouble

Get the "Ultimate Guide to Bitcoin" course: https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin Use the discount code YT99 to get the best price. In this video, I discuss whether the crypto exchange Binance is close to blowing up like FTX did. There has been a coordinated attack on BUSD by the SEC and NYDFS, perhaps in an effort to destroy a major profit center for Binance. If investors lose faith in BNB (the Binance equivalent of FTT for FTX), Binance may not have enough assets to return all customer deposits. A Wall Street Journal article suggest that the ties between Binance Global and Binance US are much closer than previously thought-- including possibly sharing US customer data and a common US bank account. For all of these reasons, Binance may fail if the SEC decides to move against CZ. I think it's much safer to use a Bitcoin-only exchange like Strike, Swan Bitcoin, or River Financial (I'm not affiliated with or compensated by any of them). Withdraw your BTC immediately after purchasing it and store it on a hardware wallet like the Blockstream Jade or ColdCard. Not investment advice! Consult a financial advisor. US Justice Dept Mulling Criminal Charges Against Binance Founder CZ: https://decrypt.co/116961/us-justice-dept-mulling-criminal-charges-against-binance-founder-cz-report Paxos receives a Wells notice re BUSD: https://paxos.com/2023/02/13/paxos-issues-statement/ Coinbase delists BUSD: https://decrypt.co/122280/coinbase-delist-binance-usd-stablecoin Binance.US Is Operating 'Unregistered Securities Exchange,' SEC Official Says: https://www.coindesk.com/policy/2023/03/03/sec-official-says-binance-us-is-operating-unregistered-securities-exchange/ Pressure grows on Binance: https://www.nytimes.com/2023/03/06/business/dealbook/binance-regulators-crypto.html Binance Team Fretted Over Binance.US Ties, Tried to Recruit Gary Gensler: https://decrypt.co/122739/binance-team-fretted-over-binance-us-ties-tried-to-recruit-gary-gensler-wsj Crypto exchange Binance reportedly had secret access to its US arm’s bank account: https://www.cnn.com/2023/02/17/business/crypto-binance-changpeng-zhao/index.html BUSD: https://coinmarketcap.com/currencies/binance-usd/ BNB: https://coinmarketcap.com/currencies/bnb/ For Binance, all customer assets are liabilities: https://twitter.com/coryklippsten/status/1632565745338191873 Binance Urges Industry-Wide Action to Boost Trust in Crypto: https://decrypt.co/121827/binance-urges-industry-wide-action-to-boost-trust-in-crypto DeFi receiving Wells notices? https://twitter.com/DylanLeClair_/status/1631745525170012178 I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. Disclaimer Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.