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The collapse of Binance will be the Enron moment. By magnitude, Tether is a much bigger "fractional reserve" (Ponzi) scheme than FTX.
by pclmulqdq 4y ago
The collapse of Binance will be the Enron moment. By magnitude, Tether is a much bigger "fractional reserve" (Ponzi) scheme than FTX.
- williamstein 4y agoAre you confusing Bitfinex and Binance?
- pclmulqdq 4y agoNo. Binance is a huge exchange and is tied to Tether, which is an open scam. Bitfinex is a comparatively small player.