The Curious Timing of the Original Encouraging Angels Article on the Hazards of Binance and the Agency Actions, Massive Withdrawal of BUSD and Assets from Binance
/By Stan Szymanski
The Crypto news this week is replete with stories regarding the massive withdrawals of the Binance ‘stablecoin’ BUSD and assets from Binance.
Encouraging Angels published an in depth article on the hazards that surround Binance this past Saturday: Binance-A Risk Not Worth Taking-No CFO, No Board, No HQ and Margin Hazards That Peril All You Have Worked For February 11, 2023. On Sunday, February 12, 2023 the massive withdrawal began. $145 Million in withdrawal of the BUSD token. On Tuesday, February 14, 2023 it was reported that more than $800 million has been exited from Binance in the previous 24 hours following pressure from US regulators.
On Monday, February 13, 2023 CNBC reported …’Crypto firm Paxos to face SEC charges, ordered to stop minting Binance stablecoin’…While the EA article did not touch on the Paxos item, it did highlight a conglomeration of risk factors and anomalies that, heretofore, had not been previously aggregated to my knowledge. It was the aggregation of reports assimilated in the EA article that called attention to the numerous risks at Binance.
Although I cannot say with certainty that my writing accelerated the wider acknowledgment of the uncertainties and potential jeopardy that exist at Binance, I believe that the proximity of the timing of my work is more that happenstance.
Fortunately for me and our ministry, the link to my article was kindly posted on the cutting edge news aggregation site of Steve Quayle. So my article received thousands of views due the the kindness and insight of Mr. Quayle. There is no doubt that many from the different three letter agencies pay attention to what stories make it to Steve’s site because of the issues of shadow banning and outright censorship in the media; Mr. Quayle does his best to deliver the truth to people. The story that I wrote and published last Saturday on the thin ice that Binance skates on would never appear on a ‘mainstream’ news site. Thanks again to Steve Quayle.
___________________________Please refer to our proviso at the end of the article regarding any reproduction of this writing and consider a donation to Encouraging Angels today.—————————————-Is it possible that all the action in Binance this week happened inconsequentially in regard to my feature story? Yes, it is. But is it just as possible that government departments and bureaus saw the article at www.stevequayle.com and it had an impact on them? I certainly believe that is. It is also possible the the ‘whales’ and others of the 120 million users of Binance saw the writing and it had an effect on them.
I cannot prove that it did and I cannot prove that it did not but IMHO, I am not a big believer in coincidence. The messages that are being delivered from the EA blog and website are proving significant in their acceptance in many places around the world that affect caregivers, the disabled and humankind.
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Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.