Chinese residents are bypassing Binance KYC ?!!

GM, GM. Bean Boy is back for this week’s last edition. I know you’re sad to see me go but don’t worry, Monday will come just like that. Today’s edition is a full on guide on how to be a chad like the one’s you’ll read in a bit. Let’s see what’s in the pod for today.

How we looking today?

We’ve been stuck in this price range for a while, can we just pump or dump?!! If it dumps I know I’ll regret saying that 😩

ALL THE CHINESE CHADS HATE KYC !!!

Hey you, that’s right anon, you’re the guy that can use any centralized exchange because you have the freedom to KYC (Know-Your-Customer), right? Unfortunately, Chinese residents don’t have this luxury as crypto exchanges have been outlawed since 2017, and crypto itself outlawed in 2021 within the mainland. Thankfully, our so-called ‘angels’ or Binance ‘community ambassadors’ that receive ‘special training’ by Binance, have actually been telling Chinese residents how to successfully evade Binance's KYC, residency, and verification systems through documents and video guides on Telegram and Discord 😂. Honestly, if you’re not a Binance fan at this point you should become one, they’re literally helping Chinese degens, DEGEN!

To sum it up these ‘angels’ aren’t actually affiliated with Binance because Binance employees are forbidden from telling people how to bypass local laws and regulations. On the other hand, these ‘angels’, and self proposed volunteers to the community (who 100% get benefits from Binance over the counter) can say these suggestions and support Chinese residents access Binance. Binance is pretty much turning a blind eye for that juicy Chinese revenue 😋.

Now, some of the techniques that ‘angels’ and volunteers have shared involve forging bank documents or offering false addresses. Others involve simple manipulation of Binance's systems, such as the example below.

User #1: How can mainland users register now?

yaya.z: [How to register for mainland clients]:

Clients need to use a VPN that excludes IP addresses from restricted regions such as the United States, Singapore, and Hong Kong. Then use overseas email (Outlook, Gmail, ProtonMail) to register. Please choose Taiwan as a place of residence; then switch back to China at the authentication phase, then upload the mainland ID card.

TLDR; Use VPN, use non-Chinese based emails, manipulate Binance’s ‘error’ within their KYC process by uploading mainland ID cards whilst selecting Taiwan as the place of residence.

CZ is the true CHAD.

THE AIRDROP KING

As you may all know by now, yesterday was the day of the widely hyped Arbitrum airdrop. It was a painful process for many as the claim site and native explorer was down due to high traffic for a longggggg time. Surprisingly, this didn’t affect the chad that prepped a month prior to the airdrop for this day, 0x3dca.

Now this gigabrain was the first to swap in the ARB/ETH pool, selling 6250 $ARB tokens for $10.27 each, netting a whopping total of $64,187. That’s a lot of Big Macs 0x3dca can buy… This isn’t the end of the story as 0x3dca also sold an additional 10250 $ARB tokens at an average price of $2 for another ~$20,600 worth of profits. This is a really good price bros as $ARB dumped fast to low $1 ranges.

I know you’re all wondering, how did 0x3dca get past the site crashes and all the issues with claiming and transferring token? 0x3dca, deployed his own smart contract which communicated to the $ARB contract, allowing them to claim and sell all their tokens on the first block. The smart contract pretty much spammed transactions throughout the process, brunt forcing their way to get a transaction through. Morale of the story, learn to code Solidity, and make your own smart contract to truly capitalize on situations like this.

PEAS IN THE POD

• Cathie Wood’s ARK loading up on Coinbase shares again, buying $18M, Does this mean crypto gonna pamp ???

• Do Kwon faces fraud charges from US prosecutors hours after arrest, You’re lying if you say you didn’t see that one coming 😂.

• The U.S. judge presiding over the Three Arrows Capital bankruptcy case has upped the pressure on Kyle Davies to comply with a January-issued subpoena. You’re next on the chopping block ser…

HOW YOU BEAN - A READERS CONFESSION

I am Korean so English isn’t my best sorry. Do Kwon, has made tens to hundreds of people literally die or has crippled them financially to the point their life isn’t worth living anymore in my country. Unfortunately, most of these people’s story goes without notice. Everyday I have prayed for his arrest and yesterday my wish came through. Please don’t let this guy see daylight ever again.

To be featured in ‘HOW YOU BEAN’ please email: [email protected]

PEE-PEA OF THE DAY

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.