News for hackers. Stuff that matters.

A comment on Binance sees $2B in outflows as troubles compound. Parent comment

Re:Binance sees $2B in outflows as troubles compound by jaequery on Wednesday March 29, 2023 @11:38AM (#35358788)
If Binance (hypothetically) does have 100% of the customer reserves, what difference does it make if they all withdraw? Doesn’t Binance make money off of trades / transactions rather than using the customer funds like FTX?
[ Parent | on HN ]

There are no comments on this comment yet.