Quote from: Faisal2202 on Today at 05:16:07 PM

Quote from: DrBeer on Today at 01:02:49 PM

The waves of problems on Binance have not subsided, as it started with Huobi ...

Unexpected news:
-Huobi top executives and TRON developers arrested in China.
-Binance has started a massive sell-off of USDT.
-USDT has been in a mild deprivation for a week now.
-Huobi's balance dropped from $700 to $90 million in a month. -The Merkle Huobi tree (a balance sheet publication introduced after the

DrBeer you really a good doctor means you really did a good research if it is not taken from some source if yes then source links are must. either way to prove the credibility you should add some source links. I hope you will not mind my words. I think Houbi is under great pressure here. And if things go side ways then we might see another big dump but it will be a good opportunity for all buyers of BTC who are still holding a hell lot of fiat just to take god entry.

Even one of my friend was asking me to take entry in market and he was asking when should i take one. My guts are telling my that market will take a dump before 2024 so, i tell him the same but i also told him that its just guts so you have to DYOR. as i am not a perfect trader. But he wanted to hold BTC so i advice him accordingly.

Overall, point is, this is a big threat crypto too, Justin sun was already many times arrested or sued by authorities and his behavior has lifted one of my friend's interest from Tron. When Justin sun lastly punished by authorities to manipulate the price of Tron along with 12 celebrities.

Thanks for the assessment. Unfortunately I can't provide any links to official information right now, they just don't exist. But there is information from the outside... But as they say, there is no smoke without fire.
To be honest, until today I didn't know about the "specific scheme" implemented on the Huobi exchange with "collateral" USDT and ETH, but it really seems quite doubtful to me, especially given the information about the misuse of these funds. In this case, USDT became a hostage, as the amount was notable.

I don't think it will have a negative impact on USDT, but there could definitely be problems in some perspective. ETH will not suffer so much, because the amount of "borrowing" in ETH is not that significant.