Way too many people are willing to overlook Binance massive list of serious allegations and potentially allow a huge house of cards to build to inevitably collapse. And it goes to show how many are in it for the profits and don't give a damn about crypto'

As a quick recap Binance was facing a laundry list of allegations between the SEC and CFTC lawsuits. This ranges from:

• mass insider trading
• mass wash trading
• market manipulation
• commingling of funds
• diverting customer assets to a third party
• evading securities laws through a shell company
• aiding customers to bypass regulations

And of course there's the list of those related to unregistered securities. The charges also go into way more detail like Binance faking volume of up to 90% of a single token using a controlled entity, and this is just a high level view and I even left out a bunch of stuff. In addition, on the point of commingling of funds, Canada had updated their regulations to force company to be more transparent about and engage in less commingling of funds, after which Binance decided to leave Canada. There's also MANY questions surrounding the legitimacy and validity of BNB's price and trading volume.

Having said also this it's quite difficult to have to see Binance as completely innocent, and we have all questioned Binance's legitimacy of volume and prices even if we happen to like Binance.

All this said, it boggles the mind to see people still advocate for Binance that they "should not be allowed to fall". This is the exact kind of thought that saw us hit the 2008 financial crisis, a crisis from which 15 years later we have still not recovered. But we all know why. Because (some) people are greedy. And these people don't really care about crypto but just want Binance to survive long enough for them to get rich and cash out - crypto be damned.