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I can withdraw 1k at 2AM in any ATM in the world. The only reason why you can't withdraw 10 million at that time is purely for KYC purposes. Withdrawals aren't
by ohgodplsno 4y ago
I can withdraw 1k at 2AM in any ATM in the world. The only reason why you can't withdraw 10 million at that time is purely for KYC purposes. Withdrawals aren't paused because the bank doesn't have the money, merely because there's noone physically present to handle it (partly because, even with 10 millions, you're not worth the time of an employee, and because nobody _needs_ to withdraw 10 million suddenly in the middle of the night)
- hef19898 4y agoYou could, following regulatory and bank internal processes, trabsfer those ten million in one go to any bank account in the world so. Assuming you have internet and a phone. It is not like Binace is limiting cash withdrawls, they a halting wire trabsfers. For me that's a dead sign the money isn't there anymore.
- charcircuit 4y ago>Withdrawals aren't paused because the bank doesn't have the money, merely because there's noone physically present to handle it Which is what is happening to Binance.
- hef19898 4y agoImpossible to tell apart without properly prepared, and audited, balance sheets.
- ohgodplsno 4y agoNo. When I can't withdraw, it's because my bank teller is sleeping. Binance has a bank teller, but he's telling you "uh hold on we need to buy your money from another teller that's sleeping because we don't actually have it. Do you want to get our monopoly money instead?" Binance is about to pull the rug.
- eternalban 4y agoIs the tweet then a canary in the coal mine signal for special friends that can’t be called directly?