tradermex🦅

🇲🇽🍅| Financial Market Research |
| Opinions Are My Own |
#BTC

[tradermex🦅 @fintech0x]

satoshi

[halfin @halfin]

Running bitcoin

[tradermex🦅 @fintech0x]

@MattWalshBlog It's a recommendation Matt! LMAO

[Chris Gloninger, CCM, CBM @ChrisGloninger]

Mamdani must be doing something right, because the entire right-wing bench just crawled out of the woodwork to clutch their pearls over… setting the AC to 78. Advice so radical that Jimmy Carter gave it in 1979 and deep-red Texas repeats it every single summer. Truly the frontier of American socialism: a thermostat.

Wait til they find out what's actually making it this hot.

[tradermex🦅 @fintech0x]

Going soft on crime is exactly the reason we are in this hell of a mess. Bring back death by firing squad, for all acts of extreme violence, fast trial and death same day as guilty verdict. 1 bullet is cheaper than anything else and guess what, they will never hurt anyone again.

[António Guterres @antonioguterres]

The death penalty does not deliver justice.

It is an inhumane form of punishment, puts innocent lives at risk, and has no place in the 21st century.

I remain fully committed to the universal abolition of the death penalty – firmly & without exception.

[tradermex🦅 @fintech0x]

@cz_binance More like real liquidity for yourself!

[Wealthy Anon @wealthyanon]

Binance and CZ are having the worst week of its post-pardon era, and it is entirely self inflicted.

Three separate stories broke in the space of a few days. Taken alone, each one is bad. Taken together, they tell you exactly who is running the world's largest crypto exchange and exactly how little has changed since CZ walked out of federal prison.

The lawsuit that finally names him

On June 30, nearly 1,700 UK investors filed a claim in London's High Court against Binance and Changpeng Zhao personally, seeking more than £150 million, roughly $200 million. The claim form, filed by KP Law on behalf of 1,692 claimants led by a plaintiff named Tomas Sutas, does not just target the corporate entities. It names CZ directly, arguing he acted in common design with whoever actually operated the platform for UK users.

The allegation is specific and it is damning. Binance sold leveraged tokens, crypto futures, options, and margin trading products to UK retail customers starting around September 13, 2019. The UK's Financial Conduct Authority did not formally ban retail access to crypto derivatives until January 6, 2021. So the claim is that Binance was already operating outside the rules more than a year before the rule even existed, and kept going after it did.

This matters because of what UK law does to unauthorized financial contracts. Under the Financial Services and Markets Act, agreements sold by a firm without the required authorization can be declared void. Void means the claimants are not just suing for damages, they are arguing they never should have been bound by these contracts at all, which opens the door to reclaiming the full amount lost rather than negotiating a settlement. KP Law says some individual losses run into the millions of pounds, with the firm describing several as life changing.

Binance's public response has been the same line it has used in every jurisdiction for the last three years: it will defend the claims vigorously and remains committed to compliance. It has not disputed the specific factual allegations. It has pointed instead to roughly $300 million a year in compliance spending and nearly 1,500 compliance staff, numbers that sit awkwardly next to a claim that the exchange spent two years selling unauthorized products to ordinary British traders who had no idea what they were legally entitled to.

CZ was pardoned by Donald Trump in October 2025, wiping out the domestic consequences of his 2023 guilty plea for anti money laundering and sanctions violations, a plea that came with a $4.3 billion settlement, the largest in crypto history, and a four month prison sentence. The pardon erased the US legal exposure. It did not erase the UK's. He is now personally a named defendant in a case that could become, if it succeeds, the largest consumer protection recovery ever brought against a crypto exchange in Britain.

Locked out of Europe, and blaming a ghost

The lawsuit landed the same week Binance got formally shut out of the European Union. The exchange filed for a MiCA license through Greece back in January, treating the country as its EU beachhead. On June 16, Reuters reported the Greek regulator was preparing to reject the application outright. The stated reason was not paperwork. It was anti money laundering concerns tied directly to CZ's own criminal conviction and Binance's broader compliance history. Rather than sit through a formal rejection, Binance withdrew the application on June 24 and called it a strategic pivot toward another member state. Because it no longer had a license anywhere in the bloc by the June 30 deadline, it was legally required to suspend regulated services to EU users starting July 1. Spain's regulator has already confirmed there will be no grace period and no exceptions.

CZ's explanation for all of this is where it gets interesting. He says the Greek application was fully compliant and on the verge of approval, that two EU countries were actually competing to host Binance, and that the whole thing collapsed because of unnamed political forces. When directly asked whether European Central Bank president Christine Lagarde was behind the block, a rumor that has been circulating from an anonymous source, CZ did not deny it. He also did not confirm it. He said he had seen the same claims online as everyone else and had no verified documents pointing to her or anyone else.

Sit with that for a second. The regulator gave a specific, documented reason for the rejection: your founder is a convicted criminal and your firm has a compliance record regulators do not trust. CZ's counter is a vague insinuation about a named European central banker, offered with zero evidence, that he floats just enough to let his followers run with it while giving himself total deniability. That is not an explanation. That is a smokescreen dressed up as a grievance.

What the ex CFO just admitted about October 10

The third story is the one that ties the other two together, because it is the story about whether anything Binance says about its own systems can be trusted at all.

On October 10, 2025, roughly $19 billion in leveraged crypto positions were wiped out in hours. Binance's official position, repeated by CEO Richard Teng as recently as February, is that this was "a crypto event, not a Binance event," triggered purely by Trump's tariff announcement on China and a broader flight from risk that hit every platform simultaneously.

The technical record tells a messier story. Binance's Unified Account system allowed traders to post proof of stake derivatives and yield bearing stablecoins as collateral, and crucially, valued that collateral using Binance's own internal market data instead of external oracles. Binance announced an oracle price update on October 6 and did not implement it until October 14. In that eight day gap, attackers reportedly dumped around $90 million of USDe specifically on Binance. USDe held its dollar peg on every other exchange. On Binance, it displayed at $0.65. Every trader using USDe as collateral got forcibly liquidated based on a price that existed nowhere else on earth, while the attackers who orchestrated the dump had already positioned short and profited directly from the liquidations they triggered. To make it worse, Binance's system was overloaded enough during the event that traders could not even execute stop losses to protect themselves.

Binance's compensation for all of this came to roughly $283 million, against $19 billion in losses. It framed the payout as goodwill, not an admission, and explicitly excluded anything it classified as ordinary market fluctuation.

That was the story until today. Wei Zhou, who spent years as Binance's actual Chief Financial Officer before becoming CEO of Coins ph, has now gone on record backing a specific technical explanation that Binance has never acknowledged: a performance regression in a database read path caused a 33 minute internal processing delay at the exact moment the market needed those systems to function. This is not an outside critic speculating. This is the person who used to be inside the finance function confirming that the failure was structural and internal, not an inevitable market wide event Binance had no control over.

There is a detail buried in the same reporting that deserves its own sentence. During his tenure as CFO, Zhou was reportedly denied comprehensive access to Binance's consolidated corporate financial accounts. The person whose job was literally to understand the company's finances could not see all of the company's finances. If that is true, ask yourself what that says about what anyone outside the company, including regulators, has actually been allowed to verify.

OKX founder and CEO Star Xu backed Zhou's account publicly today and did not hold back. When CZ dismissed the growing criticism by suggesting Xu was jealous of him, Xu's response was blunt: jealous of what, his jail time as a convicted criminal, or October 11, when millions of users got liquidated and billions vanished, dragging the entire industry into a crypto winter it still has not climbed out of. Xu said he is not jealous. He is ashamed.

The pattern

Look at the shape of all three stories at once. A UK regulator's framework says Binance sold products it was never licensed to sell, for years, to people who had no idea they were unprotected. A Greek regulator says Binance's own founder's criminal record is disqualifying, and Binance's response is to gesture at an unnamed conspiracy rather than address the finding. And now the exchange's own former CFO is confirming, on the record, that the event Binance spent nine months blaming on macro conditions was actually a documented internal system failure the company chose not to disclose.

Three different institutions, three different countries, three completely independent findings, and every single one points to the same conclusion. When Binance controls the narrative, the story is always someone else's fault: the market, the regulators, political forces, jealousy. It is only when someone who used to be inside the building starts talking that the story changes.

CZ did four months in federal prison and got pardoned for it. The pardon cleared his record in one country. It did not clear the pattern.

[Alfredo Jalife-Rahme @AlfredoJalife]

!Vaya conexión pediatrica ! Fundación Clinton/CEMEX…. https://t.co/0NljPRMOKD

[Felicia Marie @infellible92]

Isn’t it funny how Elon Musk doesn’t say a single word about Israel?

Even the ‘richest man in the world’ can be bought and censored.

[Douglas A. Boneparth @dougboneparth]

How to profit in the stock market:

1. Be the President of the United States

[tradermex🦅 @fintech0x]

@JackMac Did you jew master tell you to write this tweet?

[tradermex🦅 @fintech0x]

@KENNYKANCELLED Germans*

[KENNY KO @KENNYKANCELLED]

Nazis deserve reparations from the lies told by jews.

[Parody Jeff @Parodyjeffx]

THIS IS FUCKING INSANE🚨✡️

A woman chants Free Palestine in a Miami nightclub. A couple of Israeli men freak out and stalk her straight into an elevator.

They verbally assault her, then throw a drink in her face.

[RT @RT_com]

Laura Loomer CALLS for the IDF to BOMB Iran's MASS PUBLIC FUNERAL for Ali Khamenei

20 MILLION+ attendees EXPECTED — including WOMEN, CHILDREN, ELDERLY & FOREING DIPLOMATS

Loomer still GOT THE GUTS to lecture the world about TERRORISM

[tradermex🦅 @fintech0x]

@NathanHeadPhoto Stop whining, we can play wherever we want.

[tradermex🦅 @fintech0x]

@FmrRepMTG 78 degrees is just 25 Celsius it ain't that hot

[tradermex🦅 @fintech0x]

@SBF_FTX Shut the fuck up Sam

[tradermex🦅 @fintech0x]

@stoolpresidente Shut up jew

[tradermex🦅 @fintech0x]

@AlfredoJalife Váyase de ahí Dr. no es seguro

[unusual_whales @unusual_whales]

BREAKING: Look at this.

The day before Trump paused tariffs, triggering a historic 10% market rally, his accounts purchased 327 stocks worth up to $12.8 million.

The trades were disclosed more than a year late, resulting in a $200 penalty.

Unusual.