Resolves to YES if CZ is indicted in the US anytime before 12/31/23
Resolves to NO if CZ is not indicted in the US before 12/31/23
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This market has been UNLISTED for several days, due to questions about the criteria. We can't leave it unlisted forever because it will affect league profits, so I think we should re-list it within about a day.
@3IC If you want to clarify the use of the word "Indicted", feel free, but it looks like the market has decided that he was not "indicted" over the course of the last few days.
Binance’s founder and CEO, Changpeng Zhao, waived indictment and pled guilty to willfully violating the BSA, agreed to pay a $50 million fine, and to step down from his role as CEO.
https://www.lexology.com/library/detail.aspx?g=fa0802cc-f020-45a9-99a3-43e0633b2c31
REVIEW OF DOJ PRESS CONFERENCE:
The penalty includes settlement with CFTC, FinCEN, OFEC.
This settles ALL US Government Agencies Investigations & Probes, aside from anything that may come from the SEC.
Advances ability to go after groups like Hamas
Felony Charges for CZ for:
1. "Willfully Violating The Bank Secrecy Act"
"Knowingly Failing To Register As A MTB
"Willfully Violating The International Emergency Economic Powers Act"
CZ Plead "GUILTY" ; Files Sealed Upon Motion Until Sentencing.
Sentencing is 6 months from today (Approximately)
Review of document https://www.scribd.com/document/686219277/197110954563
Company "Binance" is on a 5 Year Probation period.
These are "Resolutions" to the "Probe" in regards to "National Security"
CFTC found Binance operated completely under CZ guidance.
This resolution is based on Binance, The Company.
PRESS CONFERENCE CONCLUDED
My Takeaway:
All agencies seemed to deliberately imply Binance, The Company, and refrain from accusing CZ as someone who is being criminally charged. This could be due to the sealed plea agreement with sentencing in 6 months or other "National Security" issues.
This was 100% National Security using these agencies for investigation and probing from the wording of everything during the press conference.
CZ & Employees of "Binance" was openly letting terrorists and banned countries operate with at minimum with proof over $1.3 Billion on Binance and Binance.us ; No AML, No True KYC. Failed to report known transactions for sex acts, drugs, terrorists (including hamas, isis, etc.)
What an idiot.
I would say, imo, after listening/watching the Press Conference, this market should close naturally and resolve once sentencing occurs to see if the release of sealed documents state an Indictment during 2023 of CZ himself.
@NicoDelon Maybe more fun....
Attorneys for CZ filed sealed motions concerning the Binance CEO’s conditional release pending sentencing in the case, but the contents were not available at the time of publication.
@RobertCousineau I'm probably fine for now. I've already profited a lot from selling my shares since I bought them so cheap. Even if I lose all my current shares I'll have made really good trades on this market overall.
@NicoDelon I wanna play, but I will stay out of this one. I will gladly provide guidance and insight, that is all I feel I should do ethically.
(Want that sweet looking MVP that Eliza has 😂...however I think the MVP badge should be different, and the badge @Eliza has now should be added to anyone that is on manifold.markets and manifold.love)
Gladly accept Mana donations for my research and opinions ❤
I am unlisting this market so new users won't find it for the time being.
It is still open for trading. We will re-list it if the creator comes along to clarify.
The reason for this action is it is causing unsuspecting users to bet large amounts in a way that may or may not be completely fair to them. This does not mean Manifold is always going to protect all users from themselves, just in this situation, temporarily unlisting the market for new traders feels to me like a reasonable step, pending clarification or update to the description from the creator.
Edit: And I sold my entire position some hours ago. I won't bet at all during this period.
I also support this. If the creator doesn't get back any time soon, I would recommend that we re-list it so it does count for leagues though. Excluding markets with unclear criteria from leagues might be a good policy, but it is not the current policy.
@SirSalty thoughts on all this? Would be nice to be able to edit a warning into the title too.
@Eliza Sort of a pause for those not in the know. And those in the know already know what they are dealing with. 👍 Good choice imo.
@Joshua Dang the unlisting has already been reflected in the leagues rankings it seems
@NicoDelon This is alpha you can use in the league meta-markets, knowing it will be reversed :b
@NicoDelon I've got another limit order on yes if anyone wants to help me un-bias myself again.
Lesson I learned today is that, in my opinion, The US DOJ was so invested in investigating Binance that they let FTX get away with a lot of shit, and/or, SBF had lobbyists that kept FTX away from the US DOJ for as long as possible, until POOF "bankrupt", "charged", "guilty".
Note that lots of people are reporting this as an indictment, but it’s technically a criminal information, and a local seattle reporter is indicating that CZ waived his grand jury indictment right https://twitter.com/stimesmcarter/status/1727031237569892470?s=21&t=xSSNiZWhHolw2eKOF1Dzog
@DaveK Agreed this resolves no probably, but buying yes because I expect other people to be confused or disagree.
@Joshua whether or not I get run over on actual resolution here, I wanted to practice the relevant skill of flipping your position as soon as you realize you’re likely on the wrong side. So that’s good I guess.
@NicoDelon I said to close the question! I stilll think we should close the question! 😅