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Pretty sure Binance was the first exchange to socialize the losses of a hack into an aidropped token to all users - which then allowed users of the exchange to
by jcpham2 4y ago
Pretty sure Binance was the first exchange to socialize the losses of a hack into an aidropped token to all users - which then allowed users of the exchange to gamble on the future on whether or not they’d be made whole.
Feels like the origin story of BNB chain to me
- rabf 4y agoThat was Bitfinex, and honestly it was the best possible outcome. Far better than what ftx users are likely to get.
- jcpham2 4y agoYou are correct, my bad
- richardknop 4y agoThat was Bitfinex as far as I remember, exchange based in Hong Kong. They are the guys behind Tether which also many people think is not backed up by real assets.
- jcpham2 4y agoYeah good ‘ol Finex