#BINANCE POWER PLAY COULD CHANGE EVERYTHING!!!

Summary

In 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

00:00

🔍 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.

05:00

💡 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.

10:01

🤔 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.

Keywords

💡BTC Turk

BTC Turk is a cryptocurrency exchange platform mentioned in the script. It is central to the video's theme as it is involved in a situation with Binance, another exchange, and a significant amount of funds. The video discusses the movement of funds out of BTC Turk and its implications, such as the delisting of a certain cryptocurrency due to a hack.

💡Binance

Binance is a major cryptocurrency exchange that is highlighted in the script as being involved in a complex situation with BTC Turk. The video discusses the increase in Binance's holdings and the movement of funds to Binance wallets, suggesting a potential accumulation of assets and a possible selloff.

💡Money Flow

Money Flow refers to the tracking and analysis of the movement of funds, particularly in the context of cryptocurrency transactions. In the video, the term is used to explain how funds moved from BTC Turk to various wallets and eventually to Binance, indicating a breach and the subsequent actions taken by the exchanges.

💡Delisting

Delisting is the process of removing a security or cryptocurrency from an exchange. In the video, BTC Turk's decision to delist LC (Luna Classic) is discussed, suggesting that the cryptocurrency was affected by a hack and that funds associated with it could be blacklisted or 'burnt'.

💡Hack

A hack refers to an unauthorized breach of a system or security. The video script discusses a hack involving BTC Turk and the subsequent movement of funds, leading to speculation about the nature of the hack and its implications for the involved parties.

💡Luna Classic (LC)

Luna Classic (LC) is a cryptocurrency that is a focal point in the video. The script discusses its delisting from BTC Turk due to a hack and the unusual movement of LC funds to Binance, raising questions about the transparency and intentions of the exchanges involved.

💡Wallet

In the context of the video, a wallet refers to a digital wallet used to store and manage cryptocurrencies. The script mentions various wallets, including those used in the hack and those that received funds from BTC Turk, highlighting the importance of tracking wallet movements to understand the flow of funds.

💡Accumulation

Accumulation in the video refers to the gathering or increase of a particular asset, in this case, cryptocurrencies. The script suggests that Binance may be accumulating Luna Classic, possibly in a secretive manner, which could have implications for the market and the asset's value.

💡Blacklisting

Blacklisting, in the context of the video, refers to the process of marking certain funds or assets as restricted or prohibited due to their involvement in a hack. The script discusses the potential blacklisting of LC funds, indicating a measure taken to prevent the use of stolen assets.

💡Proxy Wallet

A proxy wallet is a secondary wallet used to facilitate transactions between exchanges or to obscure the origin of funds. The video script suggests that a proxy wallet may have been used to move funds between exchanges, complicating the tracking of the assets involved in the hack.

💡Stablecoin

A stablecoin is a type of cryptocurrency designed to minimize price volatility by pegging it to a stable asset, such as the US dollar. The video script speculates on the potential strategic importance of stablecoins, especially those with multiple native denominations, for controlling the ecosystem and influencing market dynamics.

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