{"id":486259,"date":"2022-08-20T08:33:16","date_gmt":"2022-08-20T05:33:16","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/binance-vs-ftx-cz-calls-out-bad-players-for-crypto-exchange-jitters\/"},"modified":"2022-08-20T08:33:16","modified_gmt":"2022-08-20T05:33:16","slug":"binance-vs-ftx-cz-calls-out-bad-players-for-crypto-exchange-jitters","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/binance-vs-ftx-cz-calls-out-bad-players-for-crypto-exchange-jitters\/","title":{"rendered":"# Binance vs. FTX: CZ calls out \u2018bad players\u2019 for crypto exchange jitters"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a366a8006999\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a366a8006999\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/binance-vs-ftx-cz-calls-out-bad-players-for-crypto-exchange-jitters\/#%E2%80%9D_Binance_vs_FTX_CZ_calls_out_%E2%80%98bad_players_for_crypto_exchange_jitters_%E2%80%9C\" >&#8221; Binance vs. FTX: CZ calls out \u2018bad players\u2019 for crypto exchange jitters &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Binance_vs_FTX_CZ_calls_out_%E2%80%98bad_players_for_crypto_exchange_jitters_%E2%80%9C\"><\/span>&#8221; Binance vs. FTX: CZ calls out \u2018bad players\u2019 for crypto exchange jitters &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvYmZiNGY5YmUtMjQyNy00NGE3LWJjOTItMDY2YzE2ODczNWEyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-28d77a7a>The CEO of crypto exchange Binance, Changpeng \u2018CZ\u2019 Zhao, raised concern for traders after learning about the infamous phenomenon of trade jitters on other crypto exchanges.\u00a0<\/p>\n<p>Jitters in crypto trading relate to a trade event wherein an investor\u2019s buy or sell order gets stuck and moves down in the list, allowing newer trade orders to go through.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Just learned a new word, jitters. On 1 particular exchange, sometimes your orders will be stuck for a bit, and a few other orders will get in front of you. <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>arently, this happens often enough on this exchange that the traders coined a term for it, jitters. (Front running) <\/p>\n<p>\u2014 CZ  Binance (@cz_binance) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cz_binance\/status\/1560753868744671232?ref_src=twsrc%5Etfw\">August 19, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nWhile CZ\u2019s concerns against jitters did not explicitly target any particular exchange, the crypto community on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> assumed it was a dig at FTX, a crypto exchange led by Sam Bankman-Fried. Responding to the community\u2019s reaction that suggested \u2018jitters\u2019 as a well-known and accepted situation, CZ added:<\/p>\n<blockquote><p>\u201cAll of you guys knew and didn&#8217;t say anything. We need to fight the bad players.\u201d<\/p><\/blockquote>\n<p>CZ further reached out to the VIP traders on Binance, who allegedly confirmed knowing about the illicit trade activities. The indirect allegation against FTX perfectly coincides with the timeline when the Federal Deposit Insurance Corporation (FDIC) issued cease and desist order to the exchange and four other crypto companies.<\/p>\n<p>According to the FDIC, FTX US, SmartAssets, FDICCrypto, Crypto<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> and Cryptosec allegedly misled investors by claiming their products were insured by the FDIC. Reacting to the order, FTX US president Brett Harrison <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Brett_FTX\/status\/1560701320717369349\">deleted a tweet<\/a> making the claims opposed by the FDIC. However, Crypto Twitter was quick to point out numerous other instances when Harrison falsely claimed FDIC insurance. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"qme\" dir=\"ltr\"> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/6u06tJjS6E\">pic.twitter.com\/6u06tJjS6E<\/a><\/p>\n<p>\u2014 AG123 (@AG123321GA) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AG123321GA\/status\/1560703123986927616?ref_src=twsrc%5Etfw\">August 19, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In an attempt to cushion the freefall, SBF revealed his intent to work with the FDIC in the future while reiterating the fact that \u201cFTX US isn&#8217;t FDIC insured.\u201d<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>United Texas Bank CEO wants to &#8216;limit the issuance of US dollar-backed stablecoins to banks&#8217;<\/em><\/strong><\/p>\n<p>Running parallel to the above developments, FTX has reportedly begun blocking accounts that have sent cryptocurrencies through zk.money, a private layer-2 chain provided by the Aztec Network on Ethereum.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Recently, FTX froze a user account who sent coins to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/aztecnetwork?ref_src=twsrc%5Etfw\">@aztecnetwork<\/a> &#8216;s zkmoney. According to FTX, Aztec Connect &#8211; Aztec network \/ zk money has been identified as a mixing service, which is a high-risk activity prohibited by FTX.<\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1560417501053616131?ref_src=twsrc%5Etfw\">August 19, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In response, SBF backed FTX\u2019s decision to monitor the accounts citing anti-money laundering (AML) compliance. However, he refuted the claims by adding, \u201cbut that does not mean that any accounts were frozen.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/binance-vs-ftx-cz-calls-out-bad-players-for-crypto-exchange-jitters\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Binance vs. FTX: CZ calls out \u2018bad players\u2019 for crypto exchange jitters &#8220; The CEO of crypto exchange Binance, Changpeng \u2018CZ\u2019 Zhao, raised concern for traders after learning about the infamous phenomenon of trade jitters on other crypto exchanges.\u00a0 Jitters in crypto trading relate to a trade event wherein an investor\u2019s buy or sell&#8230;<\/p>\n","protected":false},"author":1,"featured_media":486260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvYmZiNGY5YmUtMjQyNy00NGE3LWJjOTItMDY2YzE2ODczNWEyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,77672,74863,89897,74355,117,70934,71407],"class_list":["post-486259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-changpeng-zhao","tag-cryptocurrencies","tag-sam-bankman-fried","tag-adoption","tag-business","tag-regulation","tag-trading"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/486259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=486259"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/486259\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/486260"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=486259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=486259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=486259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}