Binance and tether have long been the dirtiest players in crypto, and there have been warning signs for years. Kindleberger likened financial frauds to underwa

Binance and tether have long been the dirtiest players in crypto, and there have been warning signs for years. Kindleberger likened financial frauds to underwater obstacles. When money is plentiful, the metaphorical tide is high, and the obstacles are hidden by the water so nobody sees them. But they're always there. Then, when the tide recedes (cheap money ends), the obstacles are exposed for all to see. Binance is just going to be the last domino to fall as a result of cheap money ending.