In regard to this article:
https://coingeek.com/binance-to-us-authorities-prosecute-us-and-crypto-will-collapse/Could binance collapse if they get prosecuted? With the collapse of FTX these things became more much imaginable, then again this could all be just FUD as we've seen it many many times before.
Once again the crypto market is on the brink of another apocalypse. If it wasnt for this possibility I would never want to sell my coins at this point as I pretty much think the bottom could be in. I saw so many bad news over the course of years and this could easily just be 99% FUD again but if it isnt my crypto money will probably be 99% worthless in case of this event happening so I do give it some thought. What do you think will happen? Do you think about selling your coins? Also what would happen with stable coins, would they still hold any value if this happened?
Also how would such a scenario unfold IF it happened? When would we know? How long would the whole process take? Would there be enough time in between to make a decission or do you think it would unfold rapidly, trigger a chain reaction and steep losses?
I guess that is bragging too much or this is simply FUD. I would say yeah, Binance is one of the Top crypto exchanges in the crypto world but that wouldn't mean that if Binance was taken down the whole crypto ecosystem would collapse over their head. It would be more like MTGOX and it would bring the industry to its knees but it wouldn't be the end of it. It would be a terrible shakedown, but mostly, who would be affected would be those shitty cryptos and other centralized cryptos that are good for nothing.
The story of crypto is full of FTXs and each time that happens the real cryptos get out even stronger. Even so, I do not think Binance will go down. What can maybe happen is a US clampdown on the company can easily flee to another country and keep its operations running