NFT ~whale~ dingaling, a self-proclaimed “NFT whale,” has been quiet. This is a story that follows after CZ, the former head of Binance, publicly accused him of engaging in insider trading. The accusation, made via Twitter on May 6, stated that Dingaling was a "former employee fired by Binance for insider trading" and a "fake CRO." This public shaming raises questions about Dingaling’s lack of response. Widely recognized for his outsized role in establishing the NFT market, he has so far failed to address these troubling allegations head-on.

Dingaling's background reveals a complex history. He had been working at Binance and its subsidiaries since 2017 until September 2019. Ultimately, he rose up the ranks of research leader and eventually served as the de facto CRO. Yet, his tenure came to a crashing close with accusations of insider trading.

Dingaling's Binance Past and Insider Trading Accusations

The allegations against Dingaling focus on this one thing—purchasing $CAKE, PancakeSwap’s token, with the proceeds of his hack. It was further alleged that he subsequently asked CZ for a cut of PancakeSwap’s profits. This event prompted the SEC to investigate and subsequently fine Cohen for insider trading.

CZ’s tweet on May 6 re-ignited these past allegations into a firestorm. The tweet did not stop with that vague purpose — it stated outright that Dingaling was fired for insider trading.

Dingaling was fired for insider trading - CZ

This public announcement put Dingaling in a difficult position. As one of the leading lights of the NFT-verse, he knew everyone was counting on him.

NFT Whale Status and Legal Issues

Dingaling’s impact in the NFT space has not gone unnoticed. He is the founder of boop.fun and has been a major force in the creator economy. He was able to accumulate over 100 BAYCs and 70 Azukis at one point. He won the Azuki Gold Skateboard auction with a bid of 309 ETH.

His record-setting NFT purchases often set off instant-order fulfillment for dozens of players. This only helped drive home the substantial influence he wielded over the market, especially for low liquidity assets. Dingaling's influence extends beyond NFTs. Both records and West Realm Shires’ own statements indicate that he actually bought the shares of West Realm Shires Inc on February 28, 2020. Furthermore, he was named as a defendant in a case involving "fraudulent share repurchase transactions" in 2021 and faced multiple civil compensation and restitution requests.

Silence and Speculation

Despite CZ’s extremely public accusation and his own past dealings with Binance, Dingaling has yet to directly address the allegations. This silence has led to rampant speculation among the cryptocurrency and NFT communities. Finally, everyone is wondering what happened to Dingaling. He’s famous for his intense participation in the NFT space, so it’s strange that he hasn’t publicly responded to this very serious charge.

The most charitable interpretation here is that dingaling is trying to separate himself from the baggage of his past life as a binancer. He’s spoken infrequently about his past position at the exchange. A different and even more cynical explanation could be that he knows the best legal strategy is not to speak or give anyone anything.

hit him in the face - Binance Grudges: Why did NFT whale Dingaling choose to remain silent when CZ “hit him in the face”?

Whatever the reason, Dingaling's silence speaks volumes, leaving many to speculate about the truth behind CZ's accusations and the complexities of Dingaling's past.