Quote from: Rufus29 on Today at 03:08:55 AM

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?

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The impact of FTXs bankruptcy after the run on the currency circle is still fermenting, and Binance, the leading cryptocurrency exchange, has made the market tense again.

On Friday, December 16, Binance announced that from Monday to Wednesday this week, the platform had a net outflow of approximately US$6 billion. Although it did not disclose this amount as a percentage of the value of coins deposited by customers on Binance, it has confirmed that the scale of Binance customers withdrawals has skyrocketed.

From my personal point of view, I don't want Binance to collapse, because this is a channel for me to realize my cash, but there are indications that centralized exchanges have received a huge impact. The coin withdrawal movement is more enthusiastic, which also indicates that centralized exchanges are facing great challenges. There may also be a chain reaction.

I saw similar news again today, and felt like another huge thunderstorm.

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On December 17, the Dutch cryptocurrency trading platform Bitvavo stated that it has lost access to 2.8 billion euros (about 29.7 billion U.S. dollars) in assets stored in DCG.

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