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travisfromusa • today at 5:34 PM • 0 replies • view on HN

Don't forget that logs can be faked unless they are obtained directly by law enforcement forensic teams. In the case of Binance EU, their parent company is an offshore entity outside the direct reach of US and EU authorities. Consequently, anything Binance says or presents will most probably be taken as-is by western courts.

Another important note is that Binance has a strong incentive to cover up certain details, given that the company itself is anything but transparent. They also control CoinMarketCap, where they promote only projects that serve their own interests, while rejecting legitimate projects due to Binance's conflicts of interest. Several public reports and data document these practices.