#BINANCE POWER PLAY COULD CHANGE EVERYTHING!!!
Summary
TLDRIn this video, Jay investigates the BTC Turk and Binance situation, analyzing money flow to prove the movement of coins and disputing claims about the hack. He discusses the delisting of LC by BTC Turk, raises questions about the wallet usage post-breach, and speculates on Binance's possible accumulation of Luna Classic. Jay suggests that Binance might be controlling the ecosystem through secretive accumulation and votes, while also highlighting the importance of being aware of scams.
Takeaways
- 🔑 The video discusses the BTC Turk and Binance situation, with a focus on money flow analysis to prove the movement of coins.
- 📈 Binance's holdings have increased significantly, which is normal for an exchange, but the video suggests some unusual activities.
- 🚫 BTC Turk has delisted LC (Luna Classic), implying that the hack affected LC funds, which could potentially be blacklisted.
- 💡 The speaker raises questions about the use of the same breached wallet by BTC Turk, despite the delisting of LC due to the hack.
- 💻 The money flow visualization shows a breach where funds left BTC Turk and were split into transactions, eventually reaching Binance wallets.
- 🤔 The video speculates on possible accumulation and selloff of assets, questioning whether the events were a hack or something else.
- 🔍 The finder is still showing the use of the wallet affected by the breach, which contradicts the delisting of LC by BTC Turk.
- 📊 The video points out that the binance hot wallet's supply has decreased instead of reflecting an increase from the alleged accumulation.
- 💡 The speaker suggests that Binance could be creating proxy wallets to hide the accumulation of LC, which is not reflected in the main wallets.
- 🌐 The video mentions other exchanges like Kraken and Bitvaro that have dealt with transactions, indicating a broader situation.
- 🤝 The speaker ends with a speculative theory about Binance potentially controlling the ecosystem through votes and validators in a secretive manner.
Q & A
What is the main topic of discussion in the video?
-The main topic of the video is the analysis of the BTC Turk and Binance situation, specifically regarding the flow of funds and the implications of the recent hack involving Luna Classic (LNC).
Why is the increase in Binance's holdings considered normal?
-The increase in Binance's holdings is considered normal because it's not unusual for an exchange to bury funds, meaning to move large amounts of cryptocurrency to different wallets to manage liquidity or for other operational reasons.
What does the speaker find unusual about BTC Turk's actions?
-The speaker finds it unusual that BTC Turk delisted LNC, suggesting it was affected by the hack, yet they are still using the same wallet that was breached, which raises questions about the transparency and motives behind their actions.
What is the significance of the money flow analysis presented in the video?
-The money flow analysis is significant because it provides a visual representation of how funds moved from BTC Turk to various wallets, including Binance, following the hack. It helps to trace the path of the funds and raises questions about the legitimacy of the transactions.
Why does the speaker suggest that the situation might not be a simple hack?
-The speaker suggests that the situation might not be a simple hack because of the unusual movements of funds, the delisting of LNC by BTC Turk, and the lack of reflection in Binance's hot wallet, which would be expected if they had truly frozen the affected funds.
What is the role of the binance CX wallet in the money flow discussed in the video?
-The binance CX wallet is part of the money flow as it received a significant amount of funds that were moved from BTC Turk through various transactions, indicating a possible accumulation of assets by Binance.
Why does the speaker believe that the situation could be bullish for LNC holders?
-The speaker believes the situation could be bullish because Binance appears to be accumulating LNC, which could indicate a long-term positive outlook for the cryptocurrency, despite the current controversy.
What is the speaker's hypothesis about Binance's potential strategy with the stablecoin ecosystem?
-The speaker hypothesizes that Binance might be working towards accumulating control over the stablecoin ecosystem, possibly by using votes delegated with the right validators in a secretive manner, to influence the direction of the ecosystem.
Why does the speaker mention the delisting of LNC by Bitquery and the involvement of CZ?
-The speaker mentions this to highlight past events that could be related to the current situation, suggesting a pattern of behavior where influential parties might be involved in decisions that affect the visibility and tracking of transactions.
What is the speaker's final recommendation to the audience regarding the discussed situation?
-The speaker recommends that the audience stay informed, be aware of potential scams, and consider the possibility that the current situation might be part of a larger, secretive strategy by Binance.
Outlines
🔍 Investigating BTC Turk and Binance's Involvement in a Hack
Jay, the host, revisits the controversy surrounding BTC Turk and Binance in the context of a recent hack. He addresses viewer comments and disputes, promising to use money flow analysis to prove his points. Jay notes an unusual lack of a significant increase in Binance's holdings despite recent activity, highlighting BTC Turk's delisting of LC (Luna Classic), which he interprets as evidence that LC was affected by the hack. He suggests that blacklisting these coins could remove nearly half a trillion coins from circulation. Jay finds it suspicious that BTC Turk continues to use a wallet involved in the hack, questioning the logic behind delisting LC and the wallet's ongoing use.
💡 Unraveling the Money Flow and Binance's Possible Accumulation
The summary delves into the money flow analysis, detailing the movement of 394 billion from BTC Turk to a new, unnamed wallet with minimal transaction history. This amount is then split, with portions sent to different wallets, eventually leading to a significant sum being transferred to Binance's CX wallet. Jay speculates that this could indicate an accumulation and subsequent selloff of assets, questioning the legitimacy of the hack claim. He finds it peculiar that despite Binance's alleged freezing of transactions, the affected wallet is still in use, transferring large amounts of LC. Jay also points out that other exchanges have been involved in transactions, suggesting a broader industry response. He hypothesizes that Binance might be secretly accumulating LC, manipulating the ecosystem for control through delegated votes to validators.
🤔 Reflecting on Binance's Actions and the Implications for the Future
In the final paragraph, Jay reflects on the implications of Binance's actions, questioning why the hot wallet's balance is decreasing instead of increasing if Binance is indeed accumulating LC. He raises doubts about the transparency of the process and the potential secretive accumulation of the ecosystem. Jay also mentions the delisting of LC from Bitquery, allegedly at the request of TFL, and speculates on the possibility of Binance working towards controlling the algorithmic stablecoin ecosystem through strategic accumulation and vote delegation. He ends with a call to viewers to stay aware and vigilant against scams, promising more insights in the next video.
Mindmap
Keywords
💡BTC Turk
💡Binance
💡Money Flow
💡Delisting
💡Hack
💡Luna Classic (LC)
💡Wallet
💡Accumulation
💡Blacklisting
💡Proxy Wallet
💡Stablecoin
Highlights
Introduction to the BTC Turk and Binance situation with a focus on money flow analysis.
Observation of no significant increase in Binance's holdings despite recent large transfers.
BTC Turk's delisting of LC (Luna Classic) and its implications on the hack situation.
Discussion on the unusual movement of funds and the delisting rationale of LC.
Money flow visualization showing the transfer of 394 billion from BTC Turk to a random wallet.
Further breakdown of the money flow, with 230 billion and 162 billion transactions.
215 billion coins eventually making their way to the Binance CX wallet.
The possibility of an accumulation and selloff of assets related to the hack.
Finder's current status showing continued use of the wallet affected by the breach.
Questioning the rationale behind delisting LC if it hasn't been affected by the hack.
Money flow analysis showing the lack of reflection in Binance's hot wallet.
Speculation on the creation of proxy wallets for exchange transactions.
Analysis of the timeline from the 20th to the current date for transaction tracking.
CZ Binance's past actions and potential influence on the current situation.
The hot wallet's decreasing supply despite alleged accumulation.
Hypothesis on Binance's secretive accumulation and control of the ecosystem.
Call to action for viewers to stay informed and aware of potential scams.
Transcripts
hey guys Jay here and welcome back to
the channel so don't forget to like
subscribe comment hit the notifications
Bell to stay informed so I guess I
wasn't finished diving into the BTC Turk
binance situation I've been looking at
the comments I've been seeing what
people are saying and some people are
disputing the fact of where these coins
went but I can prove this through money
flow we'll be doing this and then what
we're going to do is go over some other
stuff as well and we're hopefully going
to get to a few bullet points throughout
this video so let's take a look at this
list and and what we haven't seen is a
real big increase in binance's Holdings
although they've just increased their
Holdings by a considerable amount and
this is normal right it's not unusual
for an exchange to bury funds you just
saw BTC Turk whipping funds out of all
kinds of different places and they're
still whipping LC out of all different
places so something to take note of
right now currently is the fact that BTC
Turk itself has delisted lnc and I think
this is a really really
interesting an unusual elaboration to
the current situation because this in a
way says to us okay so LC was affected
by the hack then funds did get affected
by the hack so therefore we've got funds
out there that could be blacklisted and
more or less are in a way kind of burnt
if we can get blacklisting place if we
can get the apis to reflect those coins
not being part of it you've removed
nearly half a trillion coins possibly so
like I was saying they are delisting it
as a 3M it's around 20 4 now so this
should have happened so we are going to
be seeing more movements from them but
what I
wouldn't what you wouldn't see right is
they're making movements in the exact
same wallets that have been breached
that are part of the hack and if right
NC as part of the hack and they're
delisting it because of this why are
they still using the same wallet that
was breached by the hack and these are
the really unusual things that I'm I'm
looking at currently so let's move over
to the all important money flow so what
we've got here in the center is BTC Turk
and I've made this really easy I've got
it all prepared we've got BTC Turk here
we've got the binance C ex wallet here
we've got the binance hot wallet down
here in the bottom left hand corner and
then we have got the this random wallet
here in the right hand corner so what
we've seen is there's a penetration
there's a breach there's a hack funds
start moving and suddenly they leave BTC
Turk as we can see here 394 billion
leaving BTC Turk and ending up on this
random wallet with no name that is
relatively new and doesn't have a lot of
transactions to it this one is blown out
like these wallets here so there's not
much here but what we can see is this is
then split into two transactions 230
billion goes here to this
wallet and then 162 billion goes here to
this wallet so then what happens is this
wallet also then sends 100 billion to
the same wallet and then what we see is
215 billion of these coins make their
way to the binance CX wallet so there
you go they end up on binance and then
what's even more interesting is the
exchanges between lots of different
places to get these funds split out and
sent to different cxs so what I think
we've seen is an accumulation and then
possibly a selloff of these assets and
they've really labeled the thing as a
hack because this is so unusual this
is from my perspective this can't be a
hack right and if it was a hack lnc is
not affected so let's move over to the
finder and what the finder is currently
showing us for the most updated give it
a hard refresh it's showing they're
still using the wallet affected in the
breach as we can see since that last
transaction went out they're still
sending lnc in a considerable amount
there
629 million so this is something we
should definitely take notice of
considering they are delisting LC what's
the reason for D delisting
lnc if it hasn't been affected it has to
have been affected but why did they send
it to a wallet that splits it down into
two wallets to eventually send it to
binance anyway why not just send it
directly to
binance and why send it to binance
anyway there's so many more exchanges
they could have gone to so let's go back
over to Money Flow once again top right
hand corner is the binance CX wallet
bottom right hand corner here is this
wallet that's used uh throughout the
hack we've got BTC Turk here in the
middle and then the binance hot wallet
here in the bottom left hand corner so
I'll zoom in and I'll give you a better
look at these arrows so once again
seeing 394 billion go to this random
wallet it's then split into two
transactions one goes this way one goes
this way 162 there
230 there and this wallet then sends 100
billion to this random wallet so this
wallet now has the 162 plus 100 which
makes
262 and that is then sent 215 billion to
the binance wallet so let's say for
example only 230 billion of these uh LC
coins did go to binance right and they
said that they had Frozen them they had
stopped these transactions from
happening why hasn't the binance C ex
hot wallet more or less reflected this
because we're not seeing that reflection
on Lun Dash as we can see
if we bring up Lun Dash we'll give the
top holders a hard refresh as
well and we got to think to us why isn't
this being reflected and what I would
say to
everybody is it not easy for a CX to
just create a proxy wallet to move
between exchanges and what I would say
to people whilst this is loading is yes
this is definitely the case because what
we've actually seen here is the fact
that Kraken
KX and bit varo have all dealt with some
transactions and what I've got here in
the top right hand corner is the
timeline so I've gone from the 20th so
this is two days before the crash until
now and um yeah it's just really really
in it's such an interesting topic now
what I would say
is even if this isn't a hack and there's
something else to this it's bullish for
us because once again binance is at the
center of LC accumulation once again not
only they burning the stuff but they're
accumulating it and making an effort to
hide the accumulation they're making the
effort to ensure that it's not being
reflected in their main wallets which
they know we're all tracking what I
think is really funny is CZ binance
himself was around during a time
when I was using bit query a lot of us
were using bit query for example and bit
cery actually delisted LC from their
service and they removed it and what I
was told was that was a request made by
tfl and other parties to have it Dlisted
so we until we got this money flow up
and running on Lun Dash we weren't able
to track transactions in this depth now
obviously cz's been tied up in lots of
different things so maybe just maybe
right they think that we've only got a
certain amount of wallets we've stopped
logging things we're not up to date with
everything but we are so these are all
really really really really interesting
points and it makes me giggle in a sense
so like I was saying the hot wallet
itself is not reflecting this so if we
take the hot wallet itself here and then
we grab ourself the balances system we
bring that up for you and we take that
wallet we submit the wallet and what
we're looking for is strictly to see the
Luna classic in this wallet and as you
can see right it's only gone down by the
way you can and zoom on these charts
just scroll uh in and out we have got an
explanation down here there's some other
stuff you can do but um we haven't seen
a reflection of it going up in fact
we've we've seen the hot wallet going
down in Supply so therefore if binance
is accumulating where have all of these
coins gone have they just hit the
exchange and gone somewhere else well
how's that possible if Richard Tang said
that they're freezing transactions and
their cooperating with BTC Tuk why BTC
tuk delisted onc
considering it's part of the hack then
why are they still using that wallet
these are all really really relevant
questions when it comes down to this
whole situation and this whole scenario
and I would once again say to everybody
binance has got some kind of weird
situation that they're working on and I
really think what they're interested in
most here is the fact that we have an
algorithmic stablecoin but more
importantly on top of that stable coin
is all of the country native denoms of
that stable coin meaning that you don't
just have one stable coin you've got a
stable coin for each major country
moving forward this could be a situation
in the future and I'm just throwing this
out this is totally Tim foil stuff here
this last minute but they could be
working towards accumulating right the
ecosystem in a way where they control it
through through the votes they delegate
with the right validators and they do
this all in very secretive ways which
would explain why they have to hide so
much stuff why the accumulation is there
but we're not seeing the reflection
instead we see we see the wallets go
going down they should be going upwards
right right let me know what you think
about all of this and uh like I was
saying at the beginning of the video if
you enjoy the content here if you want
to support just drop a like subscribe
comment hit the notifications Bell to
stay informed and other than that stay
safe stay humble stay aware beware of
scammer stopper gangers anybody
pretending to be me and I'll catch you
in the next one o
تصفح المزيد من مقاطع الفيديو ذات الصلة
275 BILLION LUNC COULD BURN AS TFL MAKES FINAL WLUNA UPDATE
10x-100x Potential Crypto Altcoins that Binance MIGHT List 👀
NEW BINANCE LISTING!🔥 | BOOK OF MEME (BOME) PRICE PREDICTION & NEWS 2024!
MEMECOINS PUMPING!!! HERE'S WHAT WILL HAPPEN NEXT!!! [MYRO on BINANCE?!]
How To Make Money On Binance In 2024 (For Beginners)
TURBO Holders : You Have Been Warned!! (Price Prediction) - Crypto Jon
5.0 / 5 (0 votes)