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A comment on Binance's books are a black box, filings show, as it tries to rally confidence. Parent comment

Re:Binance's books are a black box, filings show, as it trie... by danaris on Monday December 19, 2022 @01:45PM (#34055897)
Correct me if I'm wrong, but haven't we already seen a bunch of cryptocurrency companies of various types do exactly that?

(It's possible none of them have been exchanges; I admit I only pay peripheral attention to that sphere.)

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Re:Binance's books are a black box, filings show, as it trie... by dragonwriter on Monday December 19, 2022 @01:50PM (#34055980)
> It's possible none of them have been exchanges

There have been exchanges, as far back as MtGox, and as recently as FTX and FTX.US.

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Re:Binance's books are a black box, filings show, as it trie... by artursapek on Monday December 19, 2022 @01:48PM (#34055943)
It literally just happened with FTX, which was off-shore exchange that wouldn't have been under the jurisdiction of American regulators.

Ironically, a lot of Americans were using VPNs to trade there and lost their savings. Why? Because FTX.US is regulated so heavily that it isn't as attractive of a product.

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