Quote from: LoyceV on Today at 08:15:02 AM

Quote from: joker_josue on February 06, 2024, 08:00:09 PM

If you think about it, it was actually a positive move to temporarily block withdrawals. This kind of makes the market calm down a little, so that everything doesn't go into panic. In fact, it is a traditional strategy, which even occurs in the traditional stock market, to block negotiations on an asset, so that people do not act on impulse.

It's the exact opposite: by blocking withdrawals, the only option left is selling on that exchange. That leads to panic selling and a huge drop in price. The proper way to prevent panic trading is a trading halt. Ironically, that's the exact opposite of what Binance did. Makes you wonder....

Probably like you said, they fueled the panic because they didn’t have the coins make everybody whole. Now binance bought the dip, the price stabilized, they resumed the withdrawals…

That deserves a red tag, no?

It is the xmr holders paid for this mess.