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/biz/ - Business & Finance

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55910995 No.55910995 [Reply] [Original]

Crypto as we know it is about to die

>> No.55911005

>>55910995
so him selling btc to cover bnb was a lie as per usual? fuddies get the rope

>> No.55911019

>>55910995
*99% of bnb
*1% of btc

>> No.55911026

>>55911005
he sells customer's btc kek

>> No.55911029

>>55911005
No, that's definitely true.

>> No.55911050

>>55911026
suck deez nuts

>> No.55911065

>>55910995
Good

>> No.55911066
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55911066

>>55911050
>

>> No.55911080

>>55911066
you're just fudding binance because it destroyed FTX and showed the true face of jews worldwide

>> No.55911083

>>55910995
What is BNB even used for?

>> No.55911089

>>55911080
Who do you think Sam modelled his exchange after? His best friend CZ of course.

>> No.55911186

>>55911083
it represents 50% of binance holdings, it's basically a huge fraud

>> No.55911291

>>55911026
What does it mean to sell customer assets when Binance is both an exchange and a custodian? The coins don't go anywhere when this happens. It just means that buy orders get filled and the price drops. Binance makes a bunch of money and all the crypto is still there.

This is highly illegal and sketchy as fuck, but it doesn't put Binance in a position of insolvency. It just means crypto traders get rekt because the exchange itself is dumping on them.

>> No.55911336

>>55911291
Yeah, if that were it things would probably be fine for them. However there are a confluence of factors including DoJ investigations and loans that make things a bit trickier.

>> No.55911375
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55911375

>>55910995
fOuR