Binance an issue too?

Binance's proof of reserves raises red flags: Report (cointelegraph.com)

 

Forget that silly audit, the bankrun has began!

Almost 3 Billion leaves Binance in 2 days.

 

Not related to the thread, but why am I not surprised George Mason folks are playing in crypto.

 

There are more problems with crypto's this year than in the last decade with FIAT currencies.

https://www.gizchina.com/2022/12/13...-this-the-end-of-the-cryptocurrency-industry/
Binance in trouble: is this the end of the cryptocurrency industry?

https://nypost.com/2022/12/13/crypto-firm-binance-paused-withdrawals-after-1-9b-taken-out/
Crypto firm Binance ‘paused’ withdrawals after $1.9B taken out in 24 hours: data firm

https://markets.businessinsider.com...ver-10b-in-illegal-payments-2022-2022-12?op=1
Binance reportedly processed over $10 billion in illegal payments this year and a DOJ investigation is looking into top executives including CEO Changpeng Zhao

 

As I said before, the Merkel tree system is not any definitive proof of anything, because the CEOs can always manipulate this stuff. In fact, it's been proven that they ALREADY are manipulating the data now. It can be used as an interesting tool for some facts & figures, but can't be fully trusted.

 

Crypto investors don't care about such news;
BTC price is not falling.

 

BTC price may not fall, but the # of profitable miners certainly are

The last few mining operations who manage to stay afloat, will face even more extinction issues in 2024 when the halvening occurs again. This will leave the block-rewards at barely 3 BTC per block.

 

why would it fall when we have Tether, BNB and the rest of fake money tokens.

 

Binance an issue too?

-Why wouldn't it be? It's in the same shit as the rest of cryptos including the one that its founder sleazy zhao brought under. Don't forget Zhao used to be a co-founder of FTX. Now it thinks it's a cut above the rest just because it did a Goldman Sach to dump the shit on everyone else and brought down its rival? LOL If you think crypto's vulnerable due to it not having any inherent value and is just a hyped-up product then the same vulnerability plagues binance as well. Why would binance be any different? Sooner or later binance would meet the same fate. It's just a matter of time.

 

Guys remember your part in the ponzi scheme, hodl! and everything will be like it is supposed to. If the ones that run the scam don't have suckers to exit when they want to, their plan won't work. Hodl strongly, do your part.