as"business as usual" for the world's largest crypto exchange.The company offered reassurances in a statement that the withdrawals were"managed with ease."
There were also signs, though, of uneasiness, when Binance halted withdrawals of a so-called"stable coin" called USDC, for about eight hours on Tuesday.Eric Piermont/AFP via Getty ImagesBinance CEO Changpeng Zhao, better known as CZ, says his company"will survive any crypto winter."It reminded crypto investors of the run-up to FTX's implosion just a month earlier. FTX had to halt withdrawals when customers panicked over questions about its solvency.
According to CZ, Binance's situation on Tuesday wasn't comparable, and he blamed it on a bank being closed. But in a memo to employees, obtained by NPR, CZ also indicated that Tuesday was not a one-off, with the industry where he also reigns as a celebrity and influencer going through an"historic moment."
So they don't have what they say they have and that's fraud...?
Lol...ya think
0.1% of market cap
$BNB 🔻 -$200
Getting rid of crypto will be great for central bankers, and great for all of us government workers, since it will give us more power and then sure our security in our jobs, and even our pensions! dissidents who threaten our positions need to be silenced!
Lol crypto
Crypto currency collapsing no way who could have imagined this happening…
But but but crypto is the future. FOR BROKE PEOPLE 🤣
Was Bankman-Fried donating to NPR? Is a question you will never hear being asked on air.
DogecoinToTheMoon 🙃
It’s all bullshit. Anyone involved in those companies are crooks
...just a matter of time...
Fake money 💰
Don't fight the Fed...END IT.
They might have needed them to buy those new traitor cards.
Your interviewee, Kara Swisher, was quick to criticize Musk but not a word or question about the corrupt cancellation policies of the prior Twitter ownership. We don't need to divert taxpayer money to NPR - - there's enough hard left journalism on the market already.
If NPR had an ounce of journalistic curiosity, it would find out why the arrest occurred the day before scheduled Congressional hearings, why they denied Congress the sworn testimony of the fraudster? Is it because he was going to disclose his illicit relationship with democrats?
People didn't learn last time and wait to get their money out. Many nows are rushing to get their money back.
Crypto...lol.
That's what a house of cards does.
crypto is a ponzi scheme -- and customers probably weren't withdrawing 'crypto', they were probably withdrawing FIAT CURRENCY. I.e., US collars, which are actually worth something.
Once again, your coverage on this and so many stories has been weak and pathetic!
🤣🤣🤣
PamKeithFL Pyramid,anyone?
How can a company legally restrict its customers from withdrawing THEIR OWN MONEY from their own accounts whenever the please?
“Man Who Sit Atop Pyramid Get Ass Reamed” —Confucius
Oh no who could’ve predicted selling people fake money would end this way.
🙂
cRIPto
The house of cards is coming down
Me FDIC-insured bank
Maxine Waters Who Received Contributions from FTX, Promises To Fully Investigate the FTX Scandal… but has said nothing about giving the money back. Typical.
Can we just have the Fed bail out all the exchanges like they do with the banks?
Let crypto collapse.
✋️ 🛑 Are crypto investors naive?
Wait, an unregulated currency where people can just take money and leave is full of greedy people who don't have the best interest of investors in mind? And they can stop you from taking your own money back?
First later of Ponzi is always the hardest to remove. Second (Crypto itself) and third (Blockchain, which is not a ponzi, but serves no purpose, solution to a non-existent problem) will fall quickly after.
Crypto is a big scam! Can someone please tell me what this currency is based on? I actually see this ending very badly for a lot of people. The SEC chairman has a lot of explaining to do!
Crypto is a ponzi scheme
Oh the irony of intentionally causing a run on a competitor only to undermine the entire industry and cause a run on your own company.
I've got a few bucks, very few, in Binance. I have been unable to close that account for months.
Where did all the cryptobros go?
Giant money laundering scam. No one knows how it works, but schmucks keep dumping their money into it. Bernie Madoff would be proud.
This guy's hair looks exactly like the wrong way to cook eggs.
Unregulated industry lol
Because that's how the Ponzi scheme works. It's only viable as long as there's another sucker willing to buy in.
Me at a normal insured and US-backed bank...
To bad journalist no longer investigate these things before they blow up
But was the world even ready for crypyo? Talking from the current gold acquisition craze by BRICS goverments standpoint. Fiat & electronic chedder could be sliding into an early grave.
The greatest pyramid scam on the planet.
It’s almost like the whole thing was a scam. 🤔
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