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Binance reminds me of https://en.wikipedia.org/wiki/Bank_of_Credit_and_Commerce_International https://en.wikipedia.org/wiki/Bank_of_Credit_and_Commerce_In... bu
by from 4y ago
Binance reminds me of https://en.wikipedia.org/wiki/Bank_of_Credit_and_Commerce_International https://en.wikipedia.org/wiki/Bank_of_Credit_and_Commerce_In... but I don't think they're stealing customer money. It is amazing that they have evaded American regulators so long. I think one day they are going to disable trading in dollars.
- FormerBandmate 4y agoHonestly, I think FTX is biting off way more than they can chew. They’re really well-connected for the crypto industry, knifing them will definitely get the attention of regulators and that could blow up the entire thing. Their only real asset is being perceived as too big to fail but they’re not exactly acting in ways that endears them to the federal government