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/biz/ - Business & Finance

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>> No.52927705 [View]
File: 495 KB, 1080x1451, 20221216_200150.jpg [View same] [iqdb] [saucenao] [google]
52927705

HOLY SHIT BOMB SHELL

CZ ADMITTED TO NOT HOLDING FUNDS 1:1. HE ADMITTED TO CONVERTING USER USDC TO BUSD WITHOUT CONSENT. HE ADMITTED THIS CAUSED A WITHDRAWAL ISSUE.

you do realize when cz says he's solvent he doesn't mean strictly speaking its the same terms as SBF was using. he THINKS his liabilities are lower than his assets but not that he holds them 1:1.

>> No.52927362 [View]
File: 495 KB, 1080x1451, 20221216_200150.jpg [View same] [iqdb] [saucenao] [google]
52927362

>how can he just convert my usdc to busd???
>how come I can't withdraw usdc I deposited?
>what do you mean the bank is closed you can't convert it back to usdc until Monday and withdraws are closed?
>what do you mean busd is shady as fuck and definitely not 1:1

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