I believe it. This was likely the primary reason why Binance was allowed to get so big in the first place, to be used as a weapon against XMR. They will fail, clowns.
Yeah, I definitely don't think Binance exists solely to target XMR. It exists to try to hammer crypto at large into a traditional centralized legacy banking framework of compliance and control.
Many involved have and will get filthy rich and powerful and well connected in the process. Some will be sacrificed. This is why the centralized exchanges have been tolerated or encouraged by states around the world.
People who rely on centralized solutions instead of decentralized ones in this space have some more rude awakenings ahead of them.