Re: Huge Binance outflows - should we be concerned?

Quote from: janggernaut on Today at 08:52:21 AM

Quote from: Pam beasely on Today at 08:27:55 AM

Hey Binance is in real trouble now.

Binance native coin BNB has fallen by 11.5% in 24 hours and 19.5% in the past week. BNB Proof of reserve audit has failed, resulting in withdrawal on the exchange crossed over $3 billion creating a possible Binance FUD.

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BinanceCoin slumps hard as the Binance FUD intensifies with more platforms displaying their concerns over the reserves of the platform

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Is another exchange collapse on its way?

Lol what? Just because the price has dropped 11.5% in last 24 h you are worried about BNB coin or binance will collapse? Let me tell you, binance is too big to fail. Just look at all markets, almost all of them got dumped as well because btc dumped too. Even i happier with this FUD so i can buy more BNB and added it on my bag. Just tell me if you want to sell your BNB.

Investor and trader confidence on exchanges isn't that high so I wouldn't too sure about that "too big to fail". One wrong move and CZ's empire could crumble. It's not a secret that Binance has been a target of regulators all over the world despite the exchange's effort to cooperate. There's a recent news report that they could be a subject of a US lawsuit for money laundering and then you have the FUD on their involvement with the FTX collapse.