The money that Mazars makes is not in proportion with the trouble they can get in. If the accountant wants to quit it is a bad sign. The accountants know what is happening in the company. I would start to worry if I had money at Binance. https://finance.yahoo.com/news/bnb-...pXQsblA_Nf1t8AUlVP0zamJ3OtsLr5CJl-bdCyiqM7rqr
https://coinjournal.net/news/cryptoquant-confirms-binance-reserves-are-accounted-for/ Over the past few days, Binance has seen crypto assets worth as much as $3 billion leave the exchange in a span of 24 hours making investors worry about the future of the exchange seeing that FTX’s troubles started in a similar manner.
Well, Binance still not doing very well right now. And since I hate Binance, including their PoS plagiarized & centralized coin code from Ethereum, I'm not even buying the dip. Note: By PoS I am NOT referring to Proof of Stake. If someone is brave enough to buy BNB now, then arbitrage it later when other levels revert to the mean, power to you. But I never touch it. Not now, not ever.
https://markets.businessinsider.com...pert-forecasts-trading-volume-decline-2022-12 Daily average trading volumes on centralized exchanges declined from $26.7 billion in the week through Oct. 30 down to $13.1 billion in the seven days to Dec. 11, Bloomberg reported on Friday, citing data provider Kaiko. These include platforms like Coinbase, Binance, Kraken, OKX, and Bitfinex, to name a few. The plunge in trading volumes comes at a pivotal time for the industry, which is enduring a prolonged and brutal bear market. Cryptocurrency's market cap has slashed nearly three-fourths of its value since last year, according to Messari, with bitcoin and ethereum down 75% from record-highs in November of 2021. User trust in exchanges are in question following FTX's downfall as well. "FTX collapse brings us back to reality," Shaban Shaame, founder and CEO of blockchain gaming developer EverDreamSoft, told Insider. "Cryptocurrency is a young industry. It's [the Wild] West where everything is possible but also full of ill-intentioned people and lack of rules." FTX lost $8 billion of customer deposits after a Coindesk report revealed that the exchange's native token FTT was used to prop up Bankman-Fried's quant trading firm Alameda Research. The trading titan's balance sheet, which once had $14.6 billion in assets, was largely comprised of a coin that its sister company made up — not an independent asset like fiat currency. This rang the alarm bells. Swarms of investors fled the exchange and liquidated their FTT holdings all at once, landing FTX and 130 other associated entities in bankruptcy court last month.
It's a little short of 17K now. Sorry maxinger. Look on the bright side, plenty of down-side catalysts are still out there right now. You may get your chance Interest rates keep going up... the time for high interest rates to be up is also going up... and things are starting to break.