NFT
In a surprising move that caught the attention of the crypto community, Machi Big Brother, a prominent NFT mogul and former musician and tech entrepreneur, announced the transfer of their Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs to the popular cryptocurrency exchange Binance. The move was meant to show solidarity and support for Binance amid the recent legal action from the US Securities and Exchange Commission (SEC).
NFT Whale stands with Binance
According to Etherscan, numerous NFTs from BAYC and MAYC have been moved by Machi Big Brother to crypto exchange Binance. With a combined value of nearly 2,900 ETH, Machi Big Brother’s move sparked further discussion about the ongoing battle between regulators and the crypto industry.
Machi Big Brother, aka Jeffrey Huang, gained recognition in the NFT space as one of the largest holders of BAYC NFTs. Though he has been associated with several failed token projects and NFT ventures.
NFT Mogul’s decision to transfer their valuable BAYC and MAYC NFTs to Binance comes as the exchange faces legal challenges from the SEC.
To further engage the crypto community, CZ started a Twitter poll asking users to choose who they think can provide better protection: Binance or the SEC. The overwhelming response, with over 85% of participants favoring the former, indicates the strong support the exchange has received within the industry.
Crypto Twitter with Binance?
As evidenced by the poll and trending tweets, there is a lot of support for Binance from the crypto community. After the SEC sued Binance, FBG Capital poured all 44 million USDT into Binance to show support.
Justin Sun expressed his solidarity with CZ by quoting his tweet saying:
I wanted to take a moment to express my unwavering support for you. As one of my friends, I trust you and believe in your integrity. We are here for you! I am fully aware of your dedication to advancing the cryptocurrency industry, and your abilities and ethics are beyond reproach.
The US Securities and Exchange Commission (SEC) has charged the exchange and its Chief Executive Officer, Changpeng “CZ” Zhao, with violations of US securities laws.