2min chapter

Crypto Critics' Corner cover image

Binance in Trouble (streamed live on March 27th, 2023)

Crypto Critics' Corner

CHAPTER

Binance's VIP Customers Receive Prompt Notification of Any Law Enforcement Inquiry Concerning Their Account

The CFTC has argued before that Ethereum might be a commodity, especially if it ends up not being a security same for Tether. So I can imagine that applying to other stablecoins as well. And immediately after the unfreeze, VIP team is to contact the user through all available means to inform him or her that his account has been frozen or unfrozen. Do not directly tell the user to run. Just tell them their account has been unfrozen and it was investigated by three letter agency. If the user is a big trader or a smart one, he or she will get the hint.

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