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There have been a few major runs on Binance, measured in billions. So far they've not skipped a beat as a result. Certainly nothing like FTX. No guarantee of f

• polygamous_bat 4y ago
  > So far they've not skipped a beat as a result. Except for all the times they have "halted withdrawals" while Tether printed out a couple billion fun bucks. Don't trust me, look for yourself: https://www.google.com/search?q=binance+halts+withdrawals https://www.google.com/search?q=binance+halts+withdrawals
  • detrites 4y ago
    It's impossible to run a crypto exchange without halting withdrawals periodically, especially when runs are happening. This is due to the security balance between difficult-to-access cold wallets containing the majority of funds, and easy-to-access hot wallets containing the minimum required for expected daily operations. No idea on the coincidence with Tether minting, other than Tether mints often whether directly or indirectly as a result of market conditions, which of course may also be influencing exchange withdrawal dynamics.