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> For instance, do you think Tether is "fucked" too? Uh, yes!?! > isn't saying that Binance is "fucked" a bit much at this time Sort of. The claim is that al
by sshine 4y ago
> For instance, do you think Tether is "fucked" too?
Uh, yes!?!
> isn't saying that Binance is "fucked" a bit much at this time
Sort of. The claim is that all the signs are there. A “Binance is fucked” rhetoric may increase the bank run on them, which may fuck them.
The fact that they’re dealing with a bank run, in part out of fear that the same will happen to them as FTX, will increase the probability, all depending on how sound their business is.
If they start freezing accounts, we know we’re hitting bottom.
- nieve 4y agohttps://www.cnbc.com/2022/12/13/crypto-exchange-binance-temporarily-halts-usdc-stablecoin-withdrawals.html https://www.cnbc.com/2022/12/13/crypto-exchange-binance-temp... "Binance, the world's largest cryptocurrency exchange, paused withdrawals of the stablecoin USDC on Tuesday while it carried out a "token swap." USDC withdrawals were resumed about 8 hours after Binance first announced the pausing of withdrawals. Changpeng Zhao, CEO of Binance, tweeted on Tuesday that the exchange is seeing an increase in withdrawals of USDC." Strategically timed 8 hour stoppages are not a sign things are going well.