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FTX stole 8bn. But it only took (I believe) 1.5bn in outflows before they had to suspend withdrawals. Nothing is guaranteed with Binance, but we know they alrea

• isitmadeofglass 4y ago
  Binance liquidity displayed is still less than they extracted from FTX before they crashed. They took 2.5B just in payout from SBF. Binance could have literally have had 0$ in backing before this and still managed the current situation. So again, nothing that is currently public, nothing at all, would suggest that Binance is any different from the FTX scam. They could very easily do an audit if it’s not a scam, but they didn’t they hired a company who refused to do anything more than sign a document saying “using the process Binance prescribed, we saw this number which Binance told us we would see”. There are so many red flags that its difficult how anyone could not be entirely convinced that it’s just another scam. But this is crypto so maybe they’ll keep it going for another half a decade before it implodes.