Re: Binance walks out of FTX bailout...Another Twitter scenario??
With this FTX failure, people will now be very much afraid of CEX. I personally hold significant of my fund on on my private wallets. DEX has made a lot simple.
There are also a lot of people withdrawing to their personal wallets but also a lot of investors are turning to binance, people will quickly forget about the problems caused by FTX as this is not the first time a centralized exchange has crashed. It seems that Binance is the biggest beneficiary, the price of BUSD has also increased against USDT which is pretty crazy for stablecoins but it happened. And Binance also just announced the number of assets they are holding to prove their transparency.
https://www.binance.com/en/blog/community/our-commitment-to-transparency-2895840147147652626?fbclid=IwAR1j2ci6iU92DQGq7VoXgMgbvpDzy5BOjaNw2ZKRr80j3oBGyzxb1D_d_SQ