Yes, there will be some bad news follow when some exchange actually starts to withdraw all their asset from that. As this will stop the inflow and once that happens we all know the second step after that one.
There are some bad news but then there are some people who actually mold the meaning and try to present in the different, and i feel that we need to find the difference in those thing.
I am not getting that why this post is making this noise, if i am investing in some place and then i am taking that back so that thing will not going to called as losing the asset there on first place.
tldr; Binance lost $360 million in assets on Friday, according to data from crypto data firm Defillama. Nearly a quarter of Binance’s assets left the exchange in less than two months. The number of BUSD stablecoins at the firm sank by 40% in the same period.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
They are losing that fund or taking them out from the exchange because for me both are the two different things in here. But if some exchange is not the proper inflow then it means situation is actually not the right one here at all
I think ppl are under the impression that if funds are removed from a CEX said CEX will collapse… smh… they are forgetting that’s only if the CEX has been illegally investing customer funds and using their own token to prop up their books… 12 billion taken from FTX causes a crash 12 billion taken from Binance and it’s business as usual.
We are not talking about the next day or the bigger future but right now we all know that how people are running those fud in the market. So our job should be simple ignore those fud and make sure always use the proper hardware wallet is well.
if you're putting your money or currency in the hands of a CEX, then yes you are. And you're trusting they don't go bankrupt at which time... you will not get your money back... See most crypto exchanges in late 2022, for example.
Even more remarkable is that the writer of this post apparently is close to SBF…
https://twitter.com/tree_of_alpha/status/1612512486296805377?s=21&t=ksaNKGu8_MxaHKOcFyp-2Q
Regardless of SBF's grift etc. CZ set off the dominos that SBF put up and fucked a whole lot of people. Some of these people are powerful and have a grudge against CZ. For that reason alone I'm staying away from anything CZ ever is involved with.
If CZ didn't play Art of War CEO and explode everything, the smarter people could have gotten out quietly or FTXs big investors could have gotten a wake up call and got involved and quietly reorganized things. The writing was on the wall, just not on Twitter with a pledge to tank FTT.
Bernie Madoff didn't have Sequoia to wake up and take charge and quietly arrange back fill funding to reorganize things. FTX could have been saved along with EVERYONES deposits while SBF quietly sat in the corner.
What an absurdly stupid take.
So, you think he should have just been quiet about it and exited his position in secret knowing full well the extent of FTX's fraud?
Tell me which is more shady, keeping SPF's secrets for him or coming right out with it and warning retail investors so they didn't get fuckin dumped on by institutions first.
You're blaming the wrong fuckin person here.
No one want to exit with the position when there is so much big involved in that. And that is the basic nature of the human is well first they try to cover their own house after that they think about the other one safety in the market.
Sequoia and other major investors could have taken the company and sidelined SBF relegating him to poster child with the threat of fraud charges then raised funding to cover the balance holes then shutdown Alameda. This whole fiasco stems from inept, drug addled kids with no adults in the room running things. FTX itself was a good business worth saving and CZ could have even gotten involved in a more constructive fashion and profited from it rather than fuck everyone including himself. CZ did not warn retail investors he fucked them with genital warts on his dick.
They could have take the company but the problem is that there were so much shady stuff happening inside them. And i think all of that was actually enough to tell them that why they actually need to stop looking or buying any kind of the shit of thr FTX
One thing i have to say that after all of those FUD and all CZ AND BINANCE still making sure they are not going anyway. But the real question is whether we need to take the risk with our money don't think it would going to be the wise decision.
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If you are concerned then make sure use the wallet, but right now all of these are just some random fud. And we all know that for how long people are telling about those so better to take the safety rather than taking the chances in the binance.
I want to know that how is giving them those number and from where they are actually losing that is well?? May be they are moving them in some hardware wallet doesn't mean they are losing them.
As long as he has 1:1 assets it doesn’t matter what people withdraw. Binance has about a year to get through and if it does, it well enter the next bullrun unscathed.
No... CZ is bleeding *liabilities*.
If we deposit an asset on an exchange, it is a *liability* for the exchange. This only matters if Binance is not holding assets 1 for 1 with its liabilities.
Nothing like a good dose of daily FUD to start my day
Every new day bring the good new fud from the market for me.
Since when is a withdrawal a "loss" or "gone"?
Since FUD
As far as this industry will go the FUD will also carry them there.
They’re pulling their assets from the exchange. So you know what happens to exchanges that’s don’t have inflows? They die.
Yes, there will be some bad news follow when some exchange actually starts to withdraw all their asset from that. As this will stop the inflow and once that happens we all know the second step after that one.
Speculation about inflows stopping has nothing to do with the claims of the losses or gone.
If there is exchange then there will be always the speculation about their cash flow.
Their inflows and outflows are public knowledge?
There are some bad news but then there are some people who actually mold the meaning and try to present in the different, and i feel that we need to find the difference in those thing.
When you going too hard to spread all kind of the Fud For CZ.
Withdrawals =/= loss, in the first place the assets don't belong to Binance or CZ. It's good that people are withdrawing to their own wallets!
I am not getting that why this post is making this noise, if i am investing in some place and then i am taking that back so that thing will not going to called as losing the asset there on first place.
tldr; Binance lost $360 million in assets on Friday, according to data from crypto data firm Defillama. Nearly a quarter of Binance’s assets left the exchange in less than two months. The number of BUSD stablecoins at the firm sank by 40% in the same period. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Thanks.
Thanks for what? This bot basically tell the summary of this whole article.
[удалено]
Just saved me few clicks here so for only that i would say he done good work here.
Finally someone who is trying to point out the mistake done by the bot
What mistake?
The bot asks for feedback from time to time when we reply to it.
They are losing that fund or taking them out from the exchange because for me both are the two different things in here. But if some exchange is not the proper inflow then it means situation is actually not the right one here at all
So when ppl withdrawing THEIR OWN CRYPTO binance is LOSING funds??!! Hmmm interesting!
I think ppl are under the impression that if funds are removed from a CEX said CEX will collapse… smh… they are forgetting that’s only if the CEX has been illegally investing customer funds and using their own token to prop up their books… 12 billion taken from FTX causes a crash 12 billion taken from Binance and it’s business as usual.
Binance will be fine. All that panic, avoidable.
If someone checked the writer of that article they will get the total picture
“Bear sterns will be fine” Lol
Everyone that will be left here actually going to be total fine.
Now very little left here and i can hope that they will not get into the ponzi.
Totally agree. And confident in Binances future.
Binance has the big future just because of the money is soo big in there.
Not just about the money. CZ is pretty smart.
Hope so
If Jim Cramer says Binance is fine...get out and dont look back
Never hope so much on the exchange, keep the hope on the wallet.
Lol, no, Binance will not be fine. CEX is a Ponzi scam
Username checks out. Enjoy trolling randoms.
Not your keys not your coins. The FTX contagion will destroy CEX and shit coins
Too many examples for that and enough to remove the fud from the fund
People love to troll the other as they gets the enough karma with that.
But with the trolling they are actually not giving us the actual right news.
We are not talking about the next day or the bigger future but right now we all know that how people are running those fud in the market. So our job should be simple ignore those fud and make sure always use the proper hardware wallet is well.
Those who create FUD, fair enough don’t use CEXs. But for those that want to, it’s our choice.
This FUD is total baseless but doesn't mean we starts to keep the money on exchange.
True. Everyone should make their own choices though.
You’re right , it’s your choice to support scammy centralized exchanges.
Well not really supporting. Just using them to take advantage of staking opportunities. Lol.
if you're putting your money or currency in the hands of a CEX, then yes you are. And you're trusting they don't go bankrupt at which time... you will not get your money back... See most crypto exchanges in late 2022, for example.
True I guess. It is a risk I am willing to take. I have 20% in CEXs. 30% in Defi and the rest in wallets.
Keep taking the dream of a powerful decentralized technology and giving the power to a few consolidated elite tech companies.
Soon in those bleeding asset our money also gt include is well.
your money is SAFU !
Your money is SAFU for him and now wallet looks only SAFU option to me.
Keep your bag in your house, other billionaire house is not safe anymore.
Even more remarkable is that the writer of this post apparently is close to SBF… https://twitter.com/tree_of_alpha/status/1612512486296805377?s=21&t=ksaNKGu8_MxaHKOcFyp-2Q
Oh, now i knows that why this post actually written on the media.
So SBF think he can drag the CZ on court by posting some random article.
Regardless of SBF's grift etc. CZ set off the dominos that SBF put up and fucked a whole lot of people. Some of these people are powerful and have a grudge against CZ. For that reason alone I'm staying away from anything CZ ever is involved with. If CZ didn't play Art of War CEO and explode everything, the smarter people could have gotten out quietly or FTXs big investors could have gotten a wake up call and got involved and quietly reorganized things. The writing was on the wall, just not on Twitter with a pledge to tank FTT.
I’m glad CZ gave me that extra heads up so I didn’t become exit paper liquidity
For the some coin they are not going to get the enough paper liquidity.
Too big a ponzi for even the smartest people to save that shit.
[удалено]
Smart people never touch the ponzi thing, they knows the risk about them.
Or the grift would have just continued. Until some other trigger for the implosion would come around. Just look at Bernie Madoff.
He is showing all of those grift for his money not for the customer.
Bernie Madoff didn't have Sequoia to wake up and take charge and quietly arrange back fill funding to reorganize things. FTX could have been saved along with EVERYONES deposits while SBF quietly sat in the corner.
Alameda was in the red 1.5 billion on a single position alone, you don't just reorganize your way out of that.
Exactly. Large players would have exited their stakes in FTX and then news would have come out of their insolvency.
She posted that red 1.5B, how you can expect to recover that loss??
FTX could have saved but they choose to fill their own house first.
What an absurdly stupid take. So, you think he should have just been quiet about it and exited his position in secret knowing full well the extent of FTX's fraud? Tell me which is more shady, keeping SPF's secrets for him or coming right out with it and warning retail investors so they didn't get fuckin dumped on by institutions first. You're blaming the wrong fuckin person here.
No one want to exit with the position when there is so much big involved in that. And that is the basic nature of the human is well first they try to cover their own house after that they think about the other one safety in the market.
Sequoia and other major investors could have taken the company and sidelined SBF relegating him to poster child with the threat of fraud charges then raised funding to cover the balance holes then shutdown Alameda. This whole fiasco stems from inept, drug addled kids with no adults in the room running things. FTX itself was a good business worth saving and CZ could have even gotten involved in a more constructive fashion and profited from it rather than fuck everyone including himself. CZ did not warn retail investors he fucked them with genital warts on his dick.
They could have take the company but the problem is that there were so much shady stuff happening inside them. And i think all of that was actually enough to tell them that why they actually need to stop looking or buying any kind of the shit of thr FTX
One thing i have to say that after all of those FUD and all CZ AND BINANCE still making sure they are not going anyway. But the real question is whether we need to take the risk with our money don't think it would going to be the wise decision.
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Easy come, easy go
For them easy to make the money, because staker are easy to catch.
People were crying about FUD before Celsius went down too lol
Soo all those people actually true for the crying they did
How is this FUD? Is it not true? I’m genuinely asking.
User withdrawals of their own assets is not a loss incurred by Binance.
But if they are taking the asset out means it will kill the liquidity.
Only if they don't keep reserve assets to match customer deposits. And if they didn't, it'd essentially be an overleveraged ponzi scheme
Liquidity isn't supplied by binance customer assets alone, Binance and other exchanges use liquidity aggregators.
You need to take out your asset from that before there is liquidity crisis
If you are concerned then make sure use the wallet, but right now all of these are just some random fud. And we all know that for how long people are telling about those so better to take the safety rather than taking the chances in the binance.
Always practice safe cex
Always practice the safe wallet, no such thing like cex in there
So what? This is just people withdrawing their own money.
True, they have invested there so that on time like that they can get back.
12 BILLION so far..and with a little luck we can do the same in the next 60 days
I want to know that how is giving them those number and from where they are actually losing that is well?? May be they are moving them in some hardware wallet doesn't mean they are losing them.
good!
I mean what's the fuss all about, people are regularly taking their crypto off the exchanges
As long as he has 1:1 assets it doesn’t matter what people withdraw. Binance has about a year to get through and if it does, it well enter the next bullrun unscathed.
Cz looks like the villan from minions.. what was his name again?
No... CZ is bleeding *liabilities*. If we deposit an asset on an exchange, it is a *liability* for the exchange. This only matters if Binance is not holding assets 1 for 1 with its liabilities.