The charges against Binance

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  • Опубликовано: 10 дек 2024

Комментарии • 162

  • @AlexanderHaibel
    @AlexanderHaibel 11 месяцев назад +40

    Talking to the camera at a precise 30 degree angle for over an hour is serious discipline

    • @utaug595
      @utaug595 10 месяцев назад

      She showing off the clean hair cut!

    • @Charlie-phlezk
      @Charlie-phlezk 10 месяцев назад +1

      Facts

  • @hendrixtheboxerdog4467
    @hendrixtheboxerdog4467 11 месяцев назад +72

    Great job, Molly ! Please do more like this. Outstanding.

  • @JohnMitchellCalif
    @JohnMitchellCalif 11 месяцев назад +9

    "oh and.... " -- HAHAHAHA well played Molly, well played.

  • @eestileib9980
    @eestileib9980 11 месяцев назад +19

    Whoa, super professional production! Good stuff!

  • @JohnRomeoAlpha
    @JohnRomeoAlpha 11 месяцев назад +47

    I am relying on you and Patrick Boyle for solid, reliable, longer-form videos presenting important content on evolving financial issues. The improved production of this video is not only interesting but helps to sustain attention for the whole imporant message. Thanks Molly!

    • @TrulyMadlyShallowly
      @TrulyMadlyShallowly 11 месяцев назад +8

      The problem I do have with Patrick Boyle is that he copies and uses sources without any attribution. It's not just ripping off with him (though there is that, too), but also literally copying.There was a reddit thread about him following the plagiarism hullaballoo, and it is... not good. I had suspicions before, because of the breadth and tempo of his output, and they were largely confirmed by what people found

  • @rudolffeucht6941
    @rudolffeucht6941 11 месяцев назад +4

    Danke!

  • @siebentedimension
    @siebentedimension 11 месяцев назад +14

    I see … Binance is doing just great.

  • @dr3v1l
    @dr3v1l 11 месяцев назад +11

    "This is my first long form video..." then let me just say it doesn't show in the slightest. The video was very engaging the whole way through, and the few times I paused it I spent it looking for articles related to the subject you were covering at the moment. Your research was throughout, and your thoughts are very well organized. Now this might vary from person to person, but I liked that you put in a lot of personality into the video. Overall, very well done!

  • @thermitebanana
    @thermitebanana 11 месяцев назад +17

    Excellent video!
    Thanks for explaining things so that small children and senators would be able to understand

  • @alinsavix
    @alinsavix 11 месяцев назад +21

    This is really really great! Incredibly information packed. I might suggest adding chapter timestamps to future videos, though, just to make bouncing around such a long video a little bit easier. But otherwise, bravo!

  • @FrederickGautier
    @FrederickGautier 11 месяцев назад +8

    Long form video! Let’s go, Molly! Congrats. Great lighting btw.

  • @JonFetterDegges
    @JonFetterDegges 11 месяцев назад +6

    This is great! Also it will never not be funny that RUclips is running crypto ads against your work.

  • @onothankyou
    @onothankyou 11 месяцев назад +4

    This is great, Molly. This should be a "crypto happy hour" once a week on all major financial news channels!
    The one thing I felt was left unclear was why CZ agreed to this. He was in a nonextradition country.
    My best thought is similar to your thoughts, which is that this would stop a legal avalanche. I also hadn't noted the difference of him being the owner still, even if he isn't an officer, so this could remain a cash flow stream for him, even if he isn't involved in decision making. Also, like you said, if he traded it for freedom of movement - but the firm is in a strait-jacket now, and it seems like a bit risk of whether it will be able to keep up with the rest of the crypto space. We'll see!

  • @br9377
    @br9377 11 месяцев назад +9

    Damn, Molly looking like she’s on a boxing match promo poster in that thumbnail

    • @doodlebug1820
      @doodlebug1820 10 месяцев назад +2

      R/accidentaltrenaissance

  • @DarthQueener
    @DarthQueener 11 месяцев назад +2

    Informative, insightful and funny. Excellent work Molly!

  • @dkloke
    @dkloke 11 месяцев назад +3

    I keep laughing unexpectedly. Excellent and thorough work, and well produced!

    • @dkloke
      @dkloke 11 месяцев назад

      I do have a small suggestion/request. It involves some more work, sorry. I like when you split-screen to show a protagonist, this is good placement for *some* diagrams as well. Simple diagrams give a visual context when explaining processes and effects, for example, wash trading. It helps people at the "I *think* I get it" level, and diagrams illustrating the spoken words demonstrate consistency, a foundation of trust. On this point, my own rule of thumb: unless for a special/comical effect, no informational image or diagram should be shown for less than 2 secs. For example, the final diagrams from the sequence starting at 5:50 went by a *little* fast. Pacing and cadence are further signals of consistency, and you already have/use these in your writing and narration. You can extend these habits into the visual composition, offering relevant visual treats periodically/regularly across a full length presentation. But this is a *tool* not a *requirement*.
      Solo production is hard; big respect. This is a strong presentation! Thank you for it.

  • @dedee2963
    @dedee2963 10 месяцев назад +1

    Thanks!

  • @grafzhl
    @grafzhl 11 месяцев назад +8

    You can't fool us Molly, I see the d6 and d20 in the back.

    • @molly0xfff
      @molly0xfff  11 месяцев назад +7

      Roll for initiative.

  • @thomaslohbeck
    @thomaslohbeck 11 месяцев назад +4

    Gr8 insights and humor Molly😂

  • @SlickNutter
    @SlickNutter 11 месяцев назад +4

    Regarding feedback for editing. I only listened to the video, so the sound is the only part that I can talk about.
    There were long stretches (maybe 2 to 4 seconds) of silence, probably when you cut from one shot to a different one. If there were title cards at that moment, a couple of tunes would make it obvious to the listener.
    But to be honest, I'm just writing this because you asked for feedback, it feels nitpicky (?) to write that about such an informative and interesting video.

  • @v2gbob
    @v2gbob 11 месяцев назад +3

    Outstanding! You're a great presenter (and researcher)!

  • @syryously
    @syryously 11 месяцев назад +3

    You're a good person Molly. Stay humble

  • @CliffR-kj5tz
    @CliffR-kj5tz 11 месяцев назад +4

    Great article Molly! I knew all of the facts but you present it so well. Love your writing and these vids and your recent stance on Substack stupidity. I’m going to pump up my subscription to give you a little bit more help.
    Stay light, humorous and of course wickedly sharp. What appeals to me most is that I know you absolutely enjoy this 😂
    I’m actually a crypto enthusiast (from a software rather than finance background) but only in very select projects and definitely not into the usual garbage. I’d like to see your evaluation of better decentralised finance platforms other than those that form the bulk of your grift counter total 🤷‍♂️
    You never know, you might see a different angle. Keep it up Molly!

  • @stephenschiavone8592
    @stephenschiavone8592 11 месяцев назад +2

    U.S. Government: Look CZ if you just stop, pay a fine, and do a few months in a minimum security prison will let you keep your Billions of dollars.

  • @ShelleSinger
    @ShelleSinger 11 месяцев назад +11

    Holy Smokes what a deep dive into Binance. I've been following you for the past 6 months or so trying to figure out this whole crypto non-sense and this video was so good. Thank you for all the information and it is written for the masses to understand that strange world. Video was very good, lighting and audio was excellent.

  • @rocky8u32
    @rocky8u32 11 месяцев назад +1

    CZ sounds like the kind of person who will just cut his losses with Binance, go overseas again, and start something else just like it that isn't under US regulation. It seems clear to me that he was fully aware that he was profiting from the facilitation of criminal enterprise and had not qualms about it. Even if he goes to prison he will just get out again and do it all over.
    That is, unless the US government has a leash on him because they have evidence that he did far worse things and he has to cooperate in catching criminals that used Binance or he's going to be prosecuted for something that puts him away for much more time than he will likely serve for this.

  • @100amps
    @100amps 10 месяцев назад

    Wow, that's some serious investigating. Well done!

  • @ImprobableMatter
    @ImprobableMatter 10 месяцев назад

    05:32 We need @EmperorTigerstar to rate this map for his Horrible Maps video series (not that it's particularly horrible). The implication is that the lighter colors represent Asia - but it seems to include the European part of Turkey and exclude the Asian part of Russia. Also, shouldn't Antarctica wrap all the way around the bottom of the map in the Mercator projection?

  • @Omar_Little
    @Omar_Little 11 месяцев назад +3

    nice. longform audio. I will listen tonight. comment for my algorithm

  • @QuestioningYourSanity
    @QuestioningYourSanity 11 месяцев назад +1

    Fantastic review of this very weird story. Look forward to more of these long form videos.

  • @marymonahan1297
    @marymonahan1297 11 месяцев назад +2

    Great video! It's kind of hilarious how many crypto ads youtube put on this video

  • @pezcore2552
    @pezcore2552 11 месяцев назад +2

    I think it's interesting that the DOJ wouldn't want to put Binance out of business. The agreement is like if the US tried to "clean up" the Silk Road, and said they could keep operating as long as they no longer allowed sales of illegal drugs, reported illegal activity, and collected sales tax. Like, sure, but isn't that the whole point of the service existing?

    • @doodlebug1820
      @doodlebug1820 10 месяцев назад

      Based on amateur reading of history of spying, the govt probably wants to use some of these crypto houses as honeypots.

    • @markbaker4425
      @markbaker4425 10 месяцев назад

      Because i imagine important people have their fingers in the pie. Silk road not as much.

  • @emilydegroot6436
    @emilydegroot6436 10 месяцев назад +1

    This essay was amazing in so many ways! Great pacing, great choices on the level of detail without overstaying on any single point, incredible delivery. The one off thing for me was that the highlighter sound was very nails-on-chalkboard to me? Literally the only thing that knocked me out of it, I couldn't believe that this is your first long-form video you'd produced, this is polished as hell

    • @molly0xfff
      @molly0xfff  10 месяцев назад

      Thank you so much for the feedback!

  • @treelzebub
    @treelzebub 10 месяцев назад

    Really excellent reporting, writing, and delivery. Thanks for keeping us informed :)

  • @kiwihikingclub7464
    @kiwihikingclub7464 11 месяцев назад +1

    Fantastic commentary!

  • @TheRealColBosch
    @TheRealColBosch 11 месяцев назад +5

    Thanks for this explainer, Molly. I've been following your social media accounts for a minute now, so I'd picked up bits and pieces of the story, but having it all laid out in a single source was extremely helpful.

  • @ZachFoxPhotography
    @ZachFoxPhotography 11 месяцев назад +3

    "sick ass volumes" @ 27:58 lmao
    great work, molly. what did you use to edit this video?
    edit: just finished - this is some fantastic stuff. you clearly put a ton of effort into this script and the video, and it shows: the output is a cohesive, comprehensive, easily-digestible video that helped me understand something i didn't understand before.
    some additional feedback (since you asked for it at the end of the video!! cool):
    - i noticed a few spots in the video where the screen was black for one frame. i'm not sure what editing software you use, but some of them can automatically delete detected blank spots in your timeline.
    - great choice of backdrop, lighting, and framing. you crushed presentation.
    - i liked so many of the editing choices you made with respect to cuts, on-screen quotes, and other effects. they were really effective!
    - if your camera shoots in 4k, and your hardware/internet is happy with editing/uploading 4k footage, i think the additional resolution and bitrate assigned to 4k videos on youtube would benefit audio and video quality.
    i look forward to more long-form videos like this!

    • @molly0xfff
      @molly0xfff  11 месяцев назад +2

      Ack, I thought I caught all the black frames, but some must've slipped through. I'm not sure how they got there in the first place, honestly. I'm using DaVinci Resolve for editing.
      My camera does do 4k, I might give that a try for the next go-round! Really appreciate the feedback, Zach.

    • @SoonRaccoon
      @SoonRaccoon 11 месяцев назад

      ... and for some reason I am now craving cheezburger.

  • @Timothy-xd
    @Timothy-xd 11 месяцев назад

    Very good video molly! I did the same eye roll at 41:15 🙄 i still like written long form content though

  • @JDanger_
    @JDanger_ 10 месяцев назад

    What a great introduction to your channel. Thank you for your great journalism.

  • @Flamewheel2001
    @Flamewheel2001 11 месяцев назад +1

    Thanks Molly!

  • @iankaplan8559
    @iankaplan8559 11 месяцев назад +2

    Great video! Thanks for all the wonderful work on crypto over the years.

  • @Hlcks91
    @Hlcks91 10 месяцев назад

    Phenomenal video. Clear, informative and well presented. Looking forward to more !

  • @Cons-Cat
    @Cons-Cat 11 месяцев назад

    I'm instantly impressed by the production! :O

  • @warrenhenning8064
    @warrenhenning8064 11 месяцев назад

    I watched the entire thing start to finish. Good job.

  • @emmy8526
    @emmy8526 11 месяцев назад +1

    Omg, getting a Michael Saylor ad before this video

  • @nathanmeyer9435
    @nathanmeyer9435 11 месяцев назад +2

    Super high-quality. Watched your videos on the Sam bankman fried stuff, this is a new level in quality with the same in depth reporting. Great stuff!

  • @AzoRevan
    @AzoRevan 11 месяцев назад +5

    Could we have a long form video about Tether, please? I just can't understand what the hell is going on over there, because they seem to be more shoddy and criminal than FTX+Binance combined, yet they are plowing ahead with seemingly no oversight, or slap on the hand, or anything.

    • @lindap.5120
      @lindap.5120 10 месяцев назад

      Is that because the crypto exchanges need stable coins in order to trade?

    • @plodiN3
      @plodiN3 10 месяцев назад

      @@lindap.5120 I guess the problem comes in where you can change one dollar for one tether and everyone just assumes it goes the other way around too but it doesn't. The minimum redemption amount is 100k and there's no proof that there ever was a successful redemption. It's fine while the line keeps going up but what happens if someone want's to get out? FTX couldn't redeem 250 million without being accused of trying to depeging tether and pulling back.

  • @GarretSidzaka
    @GarretSidzaka 11 месяцев назад +2

    great video, i'm going to be a watcher of your great investigative reporting!

  • @anatolevilbois9210
    @anatolevilbois9210 11 месяцев назад +2

    Great video, extremely informative !

  • @dinub8414
    @dinub8414 10 месяцев назад

    Very, very good work. Thank you!

  • @StefanHayden
    @StefanHayden 11 месяцев назад +3

    this long video was amazing! Keep it up.

    • @molly0xfff
      @molly0xfff  11 месяцев назад +1

      Glad you liked it!

  • @PXAbstraction
    @PXAbstraction 10 месяцев назад +1

    Fantastic job, Molly! A great explanation of the situation with just a few sprinkles of humour. Subscribed and looking forward tto more.

  • @ibidibi
    @ibidibi 6 месяцев назад

    I'm surprised this doesn't have more views it's so well made.

  • @BonJoviBeatlesLedZep
    @BonJoviBeatlesLedZep 11 месяцев назад

    Molly White RUclipsr era! You're probably the most qualified person in the world to do videos like this, so I'm glad that you are

  • @alfalfa2155
    @alfalfa2155 11 месяцев назад

    This is wild, thank you so much for this video!

  • @frankwales
    @frankwales 10 месяцев назад

    At Binance, KYC apparently means "know your criminals"

  • @fisadev
    @fisadev 11 месяцев назад

    Superb video. Great explanations :)

  • @mikodine
    @mikodine 11 месяцев назад

    Amazing video Molly, thanks for that!

  • @michaelspencer6042
    @michaelspencer6042 10 месяцев назад

    Great coverage!

  • @Chauzuvoy
    @Chauzuvoy 10 месяцев назад

    This was a beautiful breakdown of how we got here, and similarly I have no idea what's going to happen next.

  • @ericb7223
    @ericb7223 10 месяцев назад

    molly rockin that classic undercut

  • @1wk407
    @1wk407 11 месяцев назад

    Great video, very well presented. I was really excited to see this pop up on my youtube feed and look forward to seeing more!
    One very minor critique was that the interview audio clip around 35:54 was really loud compared to your own audio, so the cut to it was pretty jarring and might hurt a little if you have headphones on and the volume sort of high to start with.

  • @azizm4618
    @azizm4618 11 месяцев назад

    awesome breakdown !

  • @soviut303
    @soviut303 11 месяцев назад +1

    Loving the format and the editing style. I laughed out loud at "bro".

    • @RiemannZ
      @RiemannZ 10 месяцев назад

      the other dude's surname is actually Bro, Alvin Bro

  • @doodlebug1820
    @doodlebug1820 10 месяцев назад

    I am staring at screens like 10 to 12 hours a day so I appreciate the audio longform.

  • @jonfromtheinternet
    @jonfromtheinternet 11 месяцев назад +2

    Awesome. Really liked the longform video content. Your writing is top-notch and both informative and engaging. I think from a video standpoint, I'll concur with another comment I saw which suggests it might help to have some mixed shots, angles, etc. Maybe even some visuals/diagrams/etc to go along with your points when appropriate.
    I recognize that can create substantially more work. I think for this type of video essay, I'm mostly listening anyway, so no need to go crazy here. Just thinking of what might make the video component itself a touch more dynamic.

  • @mrkeyes88
    @mrkeyes88 10 месяцев назад

    Fantastic work as always

  • @jasonmesseri1363
    @jasonmesseri1363 10 месяцев назад

    Excellent work! The improved production quality does not go unnoticed. Would love to hear you get into the ETFs. WSJ had a good piece today.

  • @vonberlin1004
    @vonberlin1004 8 месяцев назад

    32:00 FTX

  • @touchthesun
    @touchthesun 11 месяцев назад +3

    Been a fan of your W3isgreat for a while, really love to see more of this long form journalism from you. Keep up the great work.

  • @LauraWardGB
    @LauraWardGB 10 месяцев назад +2

    Great video, Molly! As someone who has worked in payments, I've often struggled to explain what all the regulatory agencies are and what they do. I wish I'd had access to your explanations of FinCEN and SAR (suspicious activity reporting) many years ago to help motivate team members who sometimes felt like they were being handed the absolute worst assignment to implement regulatory controls. True, it's not the sexiest work, but it's critically important. Your video makes sense of it and is a good reminder that sometimes, that kind of boring work actually leads to better outcomes for regular citizens who are trying to do legitimate business while keeping bad actors out.

  • @nokkonokko
    @nokkonokko 11 месяцев назад +1

    Hi Molly! There’s a good chance you’ll see this, huh. Thanks so much for the video and for all of your efforts in reporting on the tech/crypto space. I hope you have a good day!

  • @piscario75
    @piscario75 10 месяцев назад +1

    Definitely the subject matter warranted an hours treatment. A shorter video would have meant the scope and length of the malfeasance would not be as clear in my mind. Gave me time to think about it without a rapid fire brain dump

  • @RiemannZ
    @RiemannZ 10 месяцев назад

    looks good! as for improvement ideas I think visible hands would help, see how Dan Olson is framing and using his hands

  • @HarmtenNapel
    @HarmtenNapel 11 месяцев назад +1

    I would mostly advise this content to be consumed by investors still having their funds locked on Binance, since for them (unlike for me) this is not merely entertainment.

  • @jamesigoe
    @jamesigoe 10 месяцев назад

    Amazing level of criminality. I worked in technology in banking/finance for 25 years, so I shouldn't be surprised, but...

  • @bitcoinbetter1709
    @bitcoinbetter1709 7 месяцев назад

    Excellent job. Honestly. You deserve a million subscribers.

  • @robodabbler
    @robodabbler 11 месяцев назад

    Excellent, well-researched video.

  • @utaug595
    @utaug595 10 месяцев назад

    Sub'd! Wait that site is yours!??! Very cool.

    • @molly0xfff
      @molly0xfff  10 месяцев назад

      Not sure which site you mean, but citationneeded.news and web3isgoinggreat.com are both mine! Thanks for the sub!

  • @CarrieCole09
    @CarrieCole09 10 месяцев назад

    I am totally using that line, "Why do you feel so entitled to those answers?"And yes, I'd like fries."

  • @mk500
    @mk500 11 месяцев назад

    Phenomenal job presenting a lot of dense information in an entertaining way. Hard to believe this is your first long form. You are a natural pro.

  • @BradCzerniak
    @BradCzerniak 11 месяцев назад +1

    Love the video and your writing!
    Had a couple little video production ideas that are very take-it-or-leave-it. Overall you made a great video:
    * Maybe frame a little bit more to the left for looking room (esp. if using chyrons/OTS in the future)
    * The synth song at the beginning might work as quiet background
    * Consider more zoom level variation for even the routine jump-cuts
    And of course, we're here to get updates on your dog.

    • @molly0xfff
      @molly0xfff  11 месяцев назад

      Thanks so much for the feedback!

  • @Gruagain
    @Gruagain 10 месяцев назад

    Great video Molly! Very informative and you have a really engaging delivery. Editing was so good for both your snarky commentary close ups and also the supplementary documents, quotes, etc. Looking forword to the next video!

  • @meander112
    @meander112 10 месяцев назад

    This is awesome!

  • @marybennett4573
    @marybennett4573 11 месяцев назад

    Great video! I would have thought a video detailing mutli-billion dollar financial crime case would have been too complicated foe me to parse but you explained it very clearly.

  • @Charlie-phlezk
    @Charlie-phlezk 10 месяцев назад

    Hey molly, we have the same haircut!

  • @utaug595
    @utaug595 10 месяцев назад

    Just found out you got a podcast, nice! And supported you on citation needed, thanks for doing this work. We need rational voices in crypto.

    • @molly0xfff
      @molly0xfff  10 месяцев назад

      Sort of! My podcast feed contains the audio versions of my newsletters, for people who prefer to listen to them in a podcast app. It's not a podcast in the traditional sense, and doesn't contain any content not published at the newsletter.
      Thanks so much for your support and kind words!

  • @jamessocol3211
    @jamessocol3211 10 месяцев назад

    "Déja vu. Weird." was peak delivery-and really appreciate the deep dive here! Honestly I was surprised how much this went beyond indifference toward regulations into active disdain and circumvention.

  • @ErikSomething
    @ErikSomething 11 месяцев назад +3

    Great video explaining "stuff" I don't understand. Also, the SEC's behavior confuses me. Last Wednesday, they APPROVED the trading of spot Bitcoin ETPs, while also being clear that they do not endorse or approve Bitcoin itself? What possible good is there in allowing that? I think that topic would also be a good one to explain.

    • @StoreBoughtPotatoSalad
      @StoreBoughtPotatoSalad 10 месяцев назад +1

      The SEC can only enforce laws, not create them. From summaries I have seen, there was no *legal* reason the SEC could block them from existing, but in their wording from the statement and subsequent statements from Gensler include very strong wordings of the risks of these investments and the clear message that they do not in any way approve/support the underlying asset of the ETF. At least that's my interpretation. The SEC doesn't like it, but they think ETFs are technically legal.

    • @artpatron719
      @artpatron719 10 месяцев назад

      SEC lost the case to Grey scale

  • @frankwales
    @frankwales 10 месяцев назад

    LOLing at the ad by Michael Saylor on this, as if Molly's audience is looking for advice on Moon-related Lambo acquisition

  • @r0g3rw4bb17
    @r0g3rw4bb17 10 месяцев назад

    Keep it up! 😃

  • @lukwest8252
    @lukwest8252 11 месяцев назад

    I can't stop shaking my head in amazement when you read these quotes from their chats. Thanks for taking the time to put it together like this. Makes me wonder for how long crypto is going to be tolerated at all.

  • @davidchess1985
    @davidchess1985 11 месяцев назад

    "Like, come on! They're here for crime." 🤦

  • @GeoffreyAnderson2112
    @GeoffreyAnderson2112 11 месяцев назад

    Sipping the tea? Just EPIC!

  • @invtym
    @invtym 10 месяцев назад

    He Yi's comment that "a co-founder relationship is about comradeship" is stranger and funnier once you know that (in Mandarin Chinese) "comrade" is slang for "LGBT".

  • @marcberanger
    @marcberanger 11 месяцев назад +1

    Great job on the Vid....looking forward to more. Would love a video on AI...seems to be a similar "wild west" environment with some of the same or similar "cowboys" as crypto

  • @IlTao
    @IlTao Месяц назад

    thanks

  • @bertilhatt
    @bertilhatt 10 месяцев назад

    This is exceptional work. Truly.
    One question… CZ has, as far as we can tell, sold out to US law enforcement “hundreds of thousands” people who are, to say the least, very powerful and prone to violence. Should we worry that his children might grow up orphans?

  • @abadplanner1
    @abadplanner1 11 месяцев назад +3

    Great... you deserve a million subscribers

  • @utaug595
    @utaug595 10 месяцев назад

    Underated video, cant believe crypto news and community said "we can move past cz sinces hes been charged" and everytbing is fine