While head of Binance CZ (Changpeng Zhao) celebrated the recent launch of his exchange’s new staking features, the head of CoinGeek, Calvin Ayre, was less optimistic.
Ayre: Binance Is Illegal, Will Be Shut Down in 12 Months
Speaking to CCN, Bitcoin SV (BSV) supporter and financier Calvin Ayre said introducing the rewards system for Proof-of-Stake (PoS) coins was the latest move in Binance’s corrupt chess-game – one which sees CZ knowingly mislead traders and manipulate coin prices.
“CZ’s entire business model is based on a speculative casino of tokens that have zero value. They manipulate the token prices to harvest all the traders who are sold messages to do the opposite of what the house needs for its scams.”
According to Ayre, the hammer is set to fall on the world’s largest cryptocurrency exchange. Just 12 months remain, according to the CoinGeek owner, before Binance will be shut down by one authority or another.
“It’s illegal and it will likely be shut down in the next 12 months.”
As a vocal supporter of BSV under the stewardship of Craig Wright, Ayre has reason to be frosty towards Binance. Earlier in the year, CZ decided to de-list BSV from the Binance exchange, which triggered a domino-effect of exchanges doing likewise.