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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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13554260 No.13554260 [Reply] [Original]

>b-b-but it's g-going up
HAHAHAHAHAHAHAHHAAAHAHHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHAHA

>> No.13554279
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13554279

>>13554260
>FUNDS ARE SAFU

>> No.13554335

>>13554279
MUH BULLRUN

>> No.13554501

Explain to a brainlet like me why people are bears? Why do you want it to go down? For shorts? Buying back in?

>> No.13554524

>>13554260
The exchange will use its Secure Asset Fund for Users (SAFU fund) to cover the loss, which won’t impact users, according to the notice.

The fund consists of 10 percent of all trading fees absorbed by the exchange, and was initially launched to protect Binance’s users “in extreme cases,” according to a previous notice. It is stored in its own cold wallet.

“In this difficult time, we strive to maintain transparency and would be appreciative of your support,” Zhao said Tuesday.

He concluded the note by saying he would participate in a previously scheduled Twitter “ask-me-anything.”

Fuck off bobo all is fine. The price is recovering as we speak.

>> No.13554579

>>13554501
they have short positions open

>> No.13554586

>>13554501
Shorts duh

>> No.13554595

>>13554279
LMFAOOOO

>> No.13554673

People will act like this news had any effect on the dump. Protip: it's just an excuse, it was going down all along.

>> No.13555199
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13555199

>>13554501

Because it's funny watching others lose all their money.