Their response went from "All user funds are safe" to "Binance will cover all losses."Are we fucked?
>>62833675>Binance will cover all losses, we p-promise
>>62833675Unironically, does this mean they have to purchase 18k btc?Bullish
crypto needs a post-mortemits all over
>>62833675FUNDS SAFU WITHDRAWS SUSPENDED
HODL MODE ENGAGED
>>62833709ftx and mtgox started like this too
>>62833675>all deposits and withdrawals are temporarily suspendeddear oh dear
>>62833749it's only temporary just chill, CZ got pardoned by Trump he's a good guy.
1) What
>>62833675losses are safu
>>62833675>Binance will cover all lossesWith what? A sheet?
Other than a little DOGE I only had USD so I'm safe :)
Who here actually uses binance
>>62833675>bank gets hacked>3b stolen>just invalidate the transaction>crypto gets hacked>3b stolen>lol, lmao even
>>62833675All funds are safu becauses losses are covered. What part don't you understand??
>>62834706There are no losses, therefore, nothing to cover.
>>62833675>funds are safe>but you can’t hecking withdrawWhat did they mean by this?
>>62833675I got fucked on Blockfi and swore off crypto. This is exactly like how that shitshow went down.
>>62833742What is up with this coordinated fear fud campaign? No it did not. FTX collapsed because they were using customer deposits as literal gambling money and they lost a lot of it. I think if they had made money nobody would have cared. I think they covered up the holes in their balance sheet with the FTX token but my memory is a bit fuzzy with the details.MTGOX was hacked and drained almost completely and it caused an immediate and irreparable damage to their operations. They couldn't even continue to operate to make more money. Binance is massive and is very profitable and is the #1 crypto exchange on the planet. This is a setback, maybe not a minor setback, but only a setback. It is unlikely Binance will collapse from this, their annual revenue is like $10-$15 billion.
>>62836556i'm here since mtgox, it literally was the same, yeah, some error, some funds gone, we will open withdrawals soon.... etc, 2 more weeks, oh more gone then we tought. Bam offline.
>>62836556Omg i will IMMEDIATELY buy crypto thisnis SO HECKING POWERFJK
>>62836556> What is up with this coordinated fear fud campaign?You didn’t notice they’re trying to get the normies to panic sell when “AI lives in your bank account” headlines started dropping everywhere?
>chinkancefags can't buy cheapies
>>62833675If there is a central public ledger, why cant at risk coins be frozen and until security patches are made? Dumbdumbs need not answer.
Reddit says a lot of dumb shit, unfortunately their top-rated comments are often representative of Democratic Party views. I think we can expect some crazy legislation being passed against cryptocurrencies (and it doesn't need to be said against AI too) when they take power in 2029.
>>62833675Holy shit this is my gox level of insanity and it hasn't even been 24 hours yet lmao
>>62836556>If I say it's FUD, people will buy my bags!Crypto bros are so reyarded.
>>62838023It really isn't
Who uses Binance anyway apart from thirdies? If you're going to use a CEX at least go for one that is fully regulated and has offices in places with a safe and developed financial system like North America, Europe, Australia/NZ etc. I will never understand people who choose a CEX based in some shady tax haven that doesn't even "officially" provide services to residents of the largest markets. If you're going to do that just self custody. Why pick the worst of both worlds? >muh feesCrypto is a fucking casino and you aren't a genius investor. Single digit fee differences will not make a difference in your portfolio performance you retard.
>>62834702But that doesn't happen with banks, most of the time its scams not stolen and then the money is long gone through offshores, once its in another bank in another jurisdiction theres nothing they can do, in that case crypto much "better"
They can just print tethers to cover it. No real money lost.
>>62833675Why did this happen exactly the day before I wanted to withdraw all my BTC from Binance?How long do I have to wait for this nigger shit now?
>>62836556Don't bother anonThis board has been terminally retarded for years
>>62834539whole world, except mutts or yuros
>implying binance can't refinance for 3B or just loan it to tether
>>62838288Cope. Not buying your bags.
>>62833675CZ said both in the same tweet. They have a fund to cover those losses. They just won't have that fund anymore after they cover the losses.
>>62838729okay genius, I want you to take a wild guess as to why "that doesn't happen with banks". also crypto scams are more prevalent than bank scams (by percentage) so not sure why you think that is a good point
So like, why is everyone just fine with the fact that withdrawals are not open yet? Every second longer is a strike against their credibility.
>>62839719Well what are you going to do anyway?From everything we've seen I don't think it's likely Binance will go under, but there's nothing that you can do if it does, is there? May as well chill.
>>62833675idk, are you dumb enough to believe they can print 3B crypto?
>>62833709No, they will replace at cash on the date of the attack 20 years from now like Mt. Gox.
Oh no the ceo suddenly passed away and only he knew the password
