🤯 Market Scandal: Allegations of Manipulation, Connections to Power, and Industry Destruction

A high-profile investigation is circulating within the crypto community, accusing former Binance CEO Changpeng Zhao (CZ), former U.S. President Donald Trump, and their associates of coordinating systematic market manipulation, fraud, and the destruction of healthy competition. It is crucial to understand the context — this represents one side's opinion and not a court verdict.

Main points of the allegations:

1. CZ as a "principle-free player" (according to the author).

· It is claimed that CZ has practiced "pump and dump" schemes (P&D) for decades, exerted pressure on projects to obtain tokens and subsequently dump them, as well as eliminated competitors (including FTX in 2021-2022) to monopolize.
· The behavior allegedly escalated sharply and became overt in the last 6 months amid political changes.

2. Political context and "impunity."

· Under the Democratic administration, CZ was convicted of money laundering.
· With Trump’s arrival, who promised support for the crypto industry, prosecutors see collusion: CZ and Trump’s team gained the ability to operate with impunity.
· As examples, the meme coins TRUMP and MELANIA are cited, which allegedly were "rug pulls" from the start and used to crash the market.

3. The scheme with the Aster project as the main case.

· April-October 2025: CZ aggressively promoted his private perp-DEX Aster as the "killer of Hyperliquid."
· October 6, 2025: Listing of ASTER on Binance’s spot market coincided with a peak in price, after which CZ allegedly stopped "shilling" the token.
· October 10, 2025 ("Black Tuesday"): The largest crash in history occurred with liquidations exceeding $19 billion. Several hours prior, large short positions were placed on Hyperliquid, indicating insider information.
· The same day: Trump pardoned CZ, which the authors see as confirmation of a coordinated action.
· After the crash: Despite claims of token buybacks, the price of ASTER continued to fall, losing over 80% from its maximum to date. The project team is accused of fictitiousness, and the token of cartel control by Binance.

4. Current situation and conclusions.

· The market, according to the author, has fallen into stagnation and redistribution after October 10 events.
· The long-term prospects of the industry look bleak without radical changes, which currently seem unlikely.
· The accusations boil down to actions by CZ and his connections under Trump’s administration undermining trust foundations and hindering the influx of new participants and capital.

This is a one-sided position with an accusatory bias. Many claims require independent verification. However, the very publication of such material reflects an extremely high level of tension and distrust within the crypto community toward major players and the regulatory environment.

P.S. Remember, 99% of cryptocurrencies are scams that dream of taking your hard-earned money!!!