DSaintEvil

Entrepreneur/
Respiratory Therapist /
Software Developer

[Cointelegraph @Cointelegraph]

🚨 LATEST: UK crypto investors sue Binance and founder CZ for £150M, alleging the exchange sold unauthorized risky derivatives to nearly 1,700 retail traders, FT reports.

[DSaintEvil @Dsaintevil]

@star_okx Cz killed crypto on 10/10. He's a scammer

[Star_OKX @star_okx]

So will the UK FCA, the MAS in Singapore, and the EU’s ESMA invite Binance back? Or will they allow Binance to acquire a licensed company and bypass the same level of regulatory scrutiny, as it did in Japan?

Safeguarding customer funds is not something to boast about every day. It is a basic requirement for any platform.

Regulatory arbitrage and intentionally ignoring laws and regulations are new dangerous FTX patterns that can create serious harm for the industry and customers, as we saw on October 11, when millions of users globally lose billions of dollars just because of one company’s failure of risk control.

[DSaintEvil @Dsaintevil]

@FT Cz the scammer

[Financial Times @FT]

Binance and founder sued by crypto investors in London lawsuit https://t.co/sdM5oM9LQn

[DSaintEvil @Dsaintevil]

@MSBIntel Cz the scammer

[Star_OKX @star_okx]

CZ keeps misleading the public by claiming I’m jealous of him.

Jealous of what? His jail time as a convicted criminal? Or October 11, when millions of crypto users were liquidated and billions of dollars were wiped out, pushing the entire industry into a crypto winter? Or his tolerance of compliance violations and firing members of his own compliance team because they investigated accounts labeled as internal?

I’m not jealous of him. I’m ashamed of him.

I almost forgot his unethical conduct during the OKCoin days. Yet he mentioned me almost 10 times in his book which is full of bullshits, repeating false claims and misrepresenting the facts.

I have no interest in wasting my time revisiting those old events or digging through the evidence. But if he believes it’s necessary, I’m more than happy to go through the facts, present the evidence, and discuss it publicly with the media.

[DSaintEvil @Dsaintevil]

@star_okx Cz is cancer to crypto. He's a scammer

[DSaintEvil @Dsaintevil]

@coinbureau Scammer

[Star_OKX @star_okx]

What a huge loss? A loss for whom—European regulators or the people of Europe? What exactly did Europeans lose? Another October 11?

According to public reports, the company failed to demonstrate that its AML, sanctions compliance, and market integrity programs are effective, and did not obtain a license. Yet instead of reflecting on those issues, it claims that Europe is the loser.

That says a great deal about the company’s attitude toward the rule of law and financial regulation.

[DSaintEvil @Dsaintevil]

@star_okx Cz is the ultimate scammer. Never his fault always someone else.

[Wealthy Anon @wealthyanon]

CZ said Binance offers "the best liquidity in the world" for consumer protection. He's right. But let's talk about WHERE that liquidity comes from.

It comes from retail getting rekt on Binance Launchpad.

Since 2019, Binance has launched 60+ projects. The narrative is always the same: Binance vets the project, lists it at launch, and retail piles in. Binance becomes the gatekeeper of "credibility." But here's the part CZ doesn't mention.

The Lazio Fan Token (LAZIO) launched October 2021 at $1.00 on Binance Launchpad. Private investors got in at $0.10. Binance announced it. Retail FOMO'd. Price hit $26.75 in 48 hours. Retail thought they were early to something Binance blessed.

Fast forward to today. LAZIO trades at $0.65. That's a 97.5% loss from the peak. Retail never stood a chance.

Alpine F1 Team (ALPINE)? Same blueprint. Launched Feb 2022 at $1.00. ATH $11.29. Current price: $0.42. Down 96%. The token was delisted from Bitget in Feb 2026 due to zero trading volume just dead weight.

But here's where it gets darker. Binance Launchpad isn't a bug. It's the business model.

1) Binance identifies a hype narrative (sports fan tokens, move-to-earn, etc)
2) Binance vets the project (gives it institutional credibility)
3) Private/VC investors get massive allocations at $0.001-$0.10
4) Launchpad subscription creates artificial scarcity ("hard cap" per user)
5) Retail buys at $1.00 thinking Binance wouldn't list garbage
6) Token pumps 10-100x in first week (retail euphoria)
7) Vesting schedule unlocks over 12 months (insiders exit)
8) Token declines 90-99% over next 24 months (retail holds bags)
9) Binance collected trading fees on every step of the decline

The liquidity CZ brags about? It's built on retail extraction.

Let's look at the pattern across Launchpad:
- STEPN (GMT): Launched at $0.01, peaked at $4.11 (411x), now bleeding lower
- Open Campus (EDU): 33x peak, now declining
- Space ID (ID): 41x peak, now sliding
- Hooked Protocol (HOOK): 41x peak, lost 90%+ since ATH
- Arkham (ARKM): Only 16x at peak in 2023 (falling returns as the grift gets known)

Notice the trend? Earlier projects had bigger peaks (because retail still believed). Recent ones are smaller. Why? Because the market is learning that Binance Launchpad = slow-motion rug pull.

But retail is trapped. Binance has 100M+ users. Binance has regulatory licenses. Binance is THE credibility anchor. When Binance lists something, retail thinks "this must be vetted, this must be safe." It's not. It's the opposite.

The vetting isn't for retail protection. It's for Binance's protection. Binance ensures the project won't implode in week 1 (that would hurt Binance's brand). But they don't care if it implodes in month 12. The damage is already extracted.

Here's what "consumer protection" actually means in the Binance universe:
- Deep liquidity pools (so Binance profits from every trade)
- IEO credibility (so retail trusts the listing)
- Vesting schedules published (so insiders can front-run the dumps)
- No accountability for post-launch performance (so Binance faces zero liability)

Retail thinks liquidity = safety. It's the opposite. High liquidity on a scarcity pump = maximum extraction efficiency.

Compare Binance Launchpad to actual consumer protection:
- SEC-regulated IPOs: Lock-up periods for insiders are EQUAL to retail
- Traditional venture: Downside protection, governance rights, legal recourse
- Binance Launchpad: Insiders get $0.10 pricing, retail gets $1.00, both tokens identical = wealth transfer complete

The 60+ projects Binance has launched since 2019 represent billions in retail wealth extraction. LAZIO alone = $26.75 ATH on a $1.00 launch = $26.75B market cap at peak. The fact it's now $0.65 doesn't erase the fact that retail lost 97% while Binance kept the trading fees.

CZ's statement about "the best liquidity in the world" is technically true. But it's like bragging about having the best highway system while running tolls that siphon wealth from drivers. The liquidity exists to serve extraction, not protection.

The real consumer protection would be:
- Identical vesting schedules for all token holders (no insiders first)
- Binding lock-up periods (prove you believe in your own project)
- Performance clawback clauses (if the token dumps 90%, insiders pay retail back)
- Regulatory disclosure (project financials, insider allocations, exit plans)

Binance offers none of this. Because that would kill the model. The model is:
- Build hype through Binance credibility
- Capture retail FOMO
- Execute insider exit
- Repeat

Liquidity is the tool. Extraction is the goal.

So when CZ says Binance offers "the best consumer protection," what he means is: Binance offers the most efficient wealth extraction vehicle the crypto world has ever seen. And the liquidity is so good, retail can watch their investment die in real-time on every refresh.

That's not protection. That's the grift, just wrapped in institutional packaging.

The Lazio Token didn't fail because it was a bad project. It failed because the Binance Launchpad model requires failure. Insiders need to exit. Retail needs to hold bags. Binance needs trading volume on the decline. The ecosystem needs constant new projects to pump and dump because the old ones are dead.

It's a machine. And it's working exactly as designed.

Binance isn't protecting users from bad liquidity. Binance is using liquidity to protect itself from accountability.

[DSaintEvil @Dsaintevil]

@cz_binance @coinbureau Remember what you did on 10/10. You are a scammer

[Pointless.eth @pointlesseth]

@cz_binance @coinbureau Because on October 10th, people liquidated over 50b and almost 500m liquidation every day, so technically this could be true; you're stealing everyone's money.

[DSaintEvil @Dsaintevil]

@WatcherGuru Cz the scammer

[Brian Armstrong @brian_armstrong]

Coinbase has been MiCA licensed since 2025 and offers unified global liquidity across spot and derivatives.

Our Advanced Trade product has improved substantially over the past year. If you haven't tried it lately come check it out again.

We're offering a 5% transfer bonus for people moving funds to Coinbase before July 13th - see below for details.

[Star_OKX @star_okx]

As I have predicted before, I believe this illustrates Binance’s regulatory arbitrage strategy.

Based on public information, Binance, as an unauthorized CASP, appears to have continued operating in most EU Member States despite the implementation of MiCA and public statements from ESMA. In my view, this reflects a willingness to prioritize business growth while regulatory expectations were evolving.

The broader question is whether any EU Member State would be comfortable processing or approving a MiCA application from a firm that appears to have intentionally disregarded MiCA requirements after the end of the transition period.

It also highlights a broader challenge for European regulation: rules are only effective when they are applied consistently, fairly, and uniformly across all market participants.

[DSaintEvil @Dsaintevil]

@star_okx Cz binance killed crypto on 10/10. The industry will be better without binance.

[Star_OKX @star_okx]

This is Binance’s philosophy of doing business. They ignore laws and regulations, while misleading the public with bullshits.

According to public media reports and court filings, the platform’s so-called “best liquidity” included trading activity associated with risks involving money laundering, sanctions violations, and market manipulation.

[DSaintEvil @Dsaintevil]

@WatcherGuru @cz_binance Cz the scammer