There is a lot of chatter about Binance solvency after the witdrawal pause(s) in the last couple days (supposedly software related) and of course the 10/10 issue. Wondering if this drop, like the FTX drop, is people withdrawing from Binance. This is the biggest drop since FTX. If so this could be quite the V recovery.
However there was already a gradual trend down (which could have made Binance a finance situation worse) and the stock market in general has been down this week so it could just be general discontent.
Thoughts on which it is?
Edited since people apparently think I was saying Binance was currently down.
Posted by hoppeeness
11 Comments
honestly feels like both things happening at same time 💀 the withdrawal pause got everyone spooked even if it was just “technical issues” and then general market being trash this week made it worse
people definitely remember what happened with FTX so any exchange having problems = instant panic mode, can’t really blame them for pulling funds out just to be safe 😂
Everyone on the latest Epstein Island data dump running for the exit sign
DXY is trending up.
Withdrawal pause happen everytime there’s a bull / bear run… I wouldn’t read too much into it. That said, I’m not a fan of leaving too much on exchange either regardless
You don’t even know how to check exchange reserves and here you are trying to say a bank run is happening……
Big bois shorting shit to the ground now that they got the options etf
yes your 10 doge are in danger 🤣
Withdraw from Binance with no issues. This is FUD
Grab your magic internet money before its gone
Seems to be working fine for me
Just withdrew a few k with no delays from Binance this morning. Money arrived in my account almost instant.