Table of Contents

 

1. Executive Summary

2. Introduction 

3. The 10/10 Debacle: Background and Catalyst

4. Chronicle of Binance Misdeeds

5. Token Use Cases

6. Tokenomics

8. Project Team and Anonymity Rationale

9. Conclusion

10. Glossary of Terms

11. References

12. Where to Buy 

 

---

 

Executive Summary

 

In the wake of the October 10, 2025, market catastrophe—colloquially termed the "10/10 Debacle"—wherein centralized exchange (CEX) operator Binance's systemic failures and alleged manipulations precipitated software and data failures, that resulted in widespread liquidations and sentiment collapse; this whitepaper introduces $FUKBNB, the People's Protest Token.

 

Conceived as a meme coin with substantive utility, $FUKBNB serves as a vehicle for retail investor empowerment, awareness dissemination, charitable contributions, and symbolic resistance against institutional greed.

 

Deployed on decentralized platform - Hyperliquid, the token embodies a protest against the erosion of cryptocurrency's foundational ethos: decentralization and equitable access. Through community-driven governance, victim restitution, and educational outreach, $FUKBNB aims to rehabilitate the crypto ecosystem while delivering a satirical rebuke to entrenched elites. This document elucidates the token's rationale, mechanics, and societal impact, drawing on empirical evidence of Binance's historical infractions to underscore the imperative for reform.

 

Key features include a 38% founder-held supply redistributed for charitable and restorative purposes, with mechanisms to foster transparency and community involvement. Investors are encouraged to engage judiciously, recognizing the inherent volatility of meme assets.

​

---

 

Introduction

 

Satoshi Nakamoto designed cryptocurrency as a tool for financial freedom, free from central control. But platforms like Binance have twisted this vision, turning it into a system that preys on everyday users.

 

On October 10, 2025, Binance—the leading centralized exchange—showed this problem at its worst. Through poor technology, endless greed, and market tricks, they caused huge liquidations. It hit everyone: DEX airdrop farmers, traders with safe strategies like delta-neutral, and long-time players. Portfolios were wiped out, market mood crashed, prices dropped, and many on X said goodbye to crypto for good.

 

$FUKBNB is the response—a meme coin built for protest and protection. Created by an anonymous user hurt in that event, it mixes humor, real uses, and action. Buy a small amount, and you join "Token Therapy": it messes with the elites' heads while supporting real help for victims.

 

This whitepaper uses a clear, evidence-based approach with sources and structure to go beyond typical meme coins. It argues $FUKBNB can drive change, protect new users ("noobs"), and help the industry grow without the usual exploitation.

​

---

 

The 10/10 Debacle: Background and Catalyst

 

The October 10, 2025, incident represents a nadir in retail crypto engagement. Binance's platforms experienced cascading failures: frozen accounts amid a $200 billion market plunge, erratic order execution, and amplified liquidations due to systemic glitches. Retail leverage participants, including seasoned DEX farmers and hedged traders, were indiscriminately affected, with aftershock sentiment plummeting as the slow death of the cycle was instigated, all this due to most prices being priced from their industry wide API.

 

This "shitshow," as contemporaneously described, amalgamated manipulation (e.g., orchestrated sell-offs) with incompetence (e.g., API vulnerabilities), yielding a victory for institutional actors at retail's expense. This creator, a victim thereof, channeled resultant ire into $FUKBNB, positing that if such "maggots" can helm a premier CEX, a novice can forge a meme coin for good. This initiative invites communal participation to "cleanse the cesspit," reclaiming crypto as the people's domain.

 

Empirical fallout includes screenshots of liquidated positions and public laments from influencers like Crypto Bird and Ansem, who decried Binance as antithetical to cryptocurrency's future. The debacle underscores the counterproductivity of CEX dominance, advocating for oracle-robust alternatives like Hyperliquid.

 

---

 

Chronicle of Binance Greed and Misconduct

 

To contextualize $FUKBNB's protest ethos, this section enumerates Binance's most egregious infractions, selected for their impact on retail traders and systemic integrity.

 

Derived from investigative reports and legal proceedings, these instances highlight patterns of greed, negligence, and hypocrisy. Each entry includes temporal markers and references, emphasizing retail harm.

 

Money Laundering Facilitation (2017–2021, Revealed 2022)

Binance laundered $2.35 billion in illicit funds, including hacker proceeds, drug money, and scam revenues, prioritizing growth over compliance and exposing users to tainted ecosystems [1]. 

 

Guilty Plea to Money Laundering and Sanctions Violations (November 2023)

Admitted to deficient anti-money laundering (AML) protocols, enabling transactions with sanctioned entities (e.g., Iran, North Korea, Cuba, Russia); fined billions, with founder CZ incurring a $50 million penalty, eroding trust and stigmatizing the industry [2][3]. 

 

Ignoring Criminal Users (November 2023)

Overlooked platform activity by terrorists, child abusers, and other malefactors for profit, as per U.S. investigations, inflicting reputational damage on legitimate participants [4]. 

 

SEC Charges for Unregistered Operations (June 2023)

Faced 13 counts of misleading investors, commingling funds, and illegal U.S. activities; though partially dismissed in May 2025, highlighted risks to customer assets [5][6]. 

 

Market Manipulation via Liquidation Data (2018 Onward)

Alleged access to user stop-loss levels to engineer price swings, forcing retail liquidations for proprietary gains [7]. 

 

Firing Internal Investigator (May 2024)

Dismissed a probe into client DWF Labs' manipulative dumping post-listing, suggesting complicity in retail exploitation [8]. 

 

Platform Hacks and Liquidity Drains (February 2025)

Four.meme platform compromised, siphoning funds from nascent tokens and leaving developers/traders destitute [9]. 

 

Orchestrated Sell-Offs (August 2025)

Utilized third-party market makers to dump Bitcoin, precipitating plunges and accusations of deliberate manipulation [10]. 

 

API Scams and User Exploitation (August 2025)

Enabled fraudsters to impersonate support, stealing credentials amid account fears, preying on vulnerable retail [11]. 

 

Hypocritical Bot Crackdowns (October 2025)

Banned 600 user accounts for Alpha program misuse while allegedly tolerating internal exploits, exemplifying double standards [12][13]. 

 

These transgressions, spanning fraud facilitation to overt manipulation, have cumulatively "rekt" retail, fostering an environment ripe for $FUKBNB's intervention.

 

---

 

Token Use Cases

 

Contrary to archetypal meme coins, $FUKBNB integrates multifaceted utilities, blending satire with societal benefit. For skeptics querying viability, the following delineates applications:

 

Awareness Propagation: Upon attaining top-100 status, the token's nomenclature compels discourse ("Why Fuk Binance?"), elucidating nefarious practices to novices and perpetuating narrative accountability.

 

Victim Restitution: Tokens allocated to those afflicted by Binance's "glutinous swines," via payouts or legal aid, facilitating redress. 

 

Charitable Contributions: Donations to depression and suicide prevention organizations, addressing mental health fallout from market traumas. 

 

Deterrence Mechanism: Brands shun association with "FUKCOIN" equivalents, policing bad actors through reputational aversion. 

​

Symbolic Resistance: Irks CZ and elites, reaffirming Bitcoin's anti-establishment origins; provides "anger therapy" via visibility on platforms like Hype or Sol, evoking schadenfreude. 

​

Collectively, these safeguard entrants, nurture growth, and eschew predatory norms, positioning $FUKBNB as a "meme with a use case."

 

---

 

Tokenomics

 

$FUKBNB's economic model prioritizes equity and utility. The creator acquired 38% of supply at launch—a novice oversight now rectified through redistribution:

 

Charity Allocation (5%): Community-voted support for mental health initiatives. 

 

Victim Aid (10%): Direct payouts or litigation funding against perpetrators. 

 

Marketing (3%): Promotion to amplify reach sans exploitative tactics. 

 

Team (20%): Compensation benchmarked against industry standards (ongoing research). 

 

This structure mitigates concentration risks, with no provisions for rug pulls. Total supply remains fixed, emphasizing scarcity.

​

---

​

Project Team and Anonymity Rationale

 

The Creator of $FUKBNB mirrors the retail archetype: Incensed by the 10/10 fallout, transforming doomscrolling-induced angst into creative action. This maiden meme endeavor prioritizes therapy over profit.

 

Anonymity is imperative, evading potential reprisals from CZ's reputed "flying monkey" security apparatus. Invoking a satirical "72nd Biden Pardon Amendment," the creator safeguards personal integrity while focusing on communal benefit.

​

---

 

Conclusion

 

$FUKBNB transcends memetic frivolity, embodying retail vengeance against elite malfeasance. By integrating protest, philanthropy, and education, it reclaims cryptocurrency's egalitarian promise. Engage via socials (@FUKBNB on X) and fight the power.

​

 

---

 

Glossary of Terms

 

CEX (Centralized Exchange): A platform like Binance where trading is managed by a central authority, prone to manipulation and failures. 

DEX (Decentralized Exchange): Peer-to-peer trading venues (e.g., Hyperliquid) minimizing intermediary risks. 

Delta-Neutral: A hedging strategy balancing positions to neutralize directional risk. 

Liquidation: Forced closure of leveraged positions due to margin shortfalls. 

Meme Coin: A cryptocurrency inspired by internet culture, often volatile but here with utility. 

Noob: Novice investor susceptible to exploitation. 

Rekt: Slang for severe financial loss in crypto. 

Token Therapy: Satirical concept of holding $FUKBNB for psychological catharsis against elites. 

 

---

 

References

 

[1] Reuters. (2022). Binance Processed $2.35B in Illicit Funds. https://www.sciencedirect.com/science/article/pii/S0890838925000344 

[2] TechTarget. (2023). Binance Money Laundering Scandal. https://www.techtarget.com/whatis/feature/Binance-money-laundering-scandal-explained-What-to-know 

[3] Reuters. (2023). Binance Sanctions Violations. https://www.reuters.com/sustainability/boards-policy-regulation/us-sec-voluntarily-dismisses-lawsuit-against-binance-2025-05-29/ 

[4] New York Times. (2023). Binance Ignored Criminal Users. https://www.nytimes.com/2023/11/22/business/binance-crypto-criminal-customers.html 

[5] The Guardian. (2023). SEC Charges Against Binance. https://www.theguardian.com/business/2025/may/30/binance-cryptocurrency-lawsuit-us-sec 

[6] CNBC. (2025). SEC Drops Binance Suit. https://www.cnbc.com/2025/05/29/sec-drops-binance-lawsuit-ending-one-of-last-remaining-crypto-actions.html 

[7] Reddit Discussion. (2023). Binance Liquidation Manipulation. https://www.reddit.com/r/CryptoCurrency/comments/123xlw1/what_do_people_mean_when_they_say_that_binance_is/ 

[8] CoinDesk. (2024). Binance Fires Investigator. https://www.coindesk.com/business/2024/05/09/binance-fired-investigator-who-uncovered-market-manipulation-at-client-dwf-labs-wsj 

[9] CryptoRank. (2025). Four.meme Hack. https://cryptorank.io/news/feed/d34ae-binances-four-meme-attacked-drain-liquidity 

[10] CryptoRank. (2025). Bitcoin Plunge and Manipulation. https://cryptorank.io/news/feed/7ea82-bitcoin-price-plunge-sparks-outrage-binance-targeted-for-alleged-market-manipulation 

[11] AInvest. (2025). Binance API Scams. https://www.ainvest.com/news/investors-warned-binance-scams-exploit-api-fear-2508/ 

[12] CryptoBriefing. (2025). Binance Bans Accounts. https://cryptobriefing.com/binance-wallet-bans-600-accounts-binance-alpha-misuse/ 

[13] TradingView. (2025). Bot Crackdowns. https://www.tradingview.com/news/cointelegraph:7224c03f1094b:0-binance-cracks-down-on-bot-activity-in-alpha-token-program/