"Binance has acknowledged a 'clerical error' that means it currently keeps reserves for almost half of its 94 Binance-peg tokens worth over $539 million mixed up with customer funds inside a $16.5 billion exchange wallet." 🏆
#Binance #BinanceSmartChain #Stablecoin #Cryptocurrency #ChampionStyle #Cryptocalypse #BNBChain #BNB #BUSD #PAX #USDP #Paxos
https://www.bloomberg.com/news/articles/2023-01-24/binance-bnb-acknowledges-storing-users-crypto-with-reserves-in-error
#binance #binancesmartchain #stablecoin #cryptocurrency #championstyle #cryptocalypse #bnbchain #bnb #busd #pax #usdp #paxos
Another crypto company bits the dust
Today, BlockFi filed voluntary cases under Chapter 11 of the U.S. Bankruptcy Code.
#cryptocalypse
https://twitter.com/blockfi/status/1597253469374910466?s=46&t=Eh-O7yOXrxtRX4STsbRFgA
This is not #cryptowinter, this is #cryptogeddon or #cryptocalypse. #FTX #BlockFi $WETH
#cryptowinter #cryptogeddon #cryptocalypse #ftx #blockfi
Walking around Meet Taipei today, someone pushed me a pamphlet for a blockchain firm with a giant #FTX logo slapped on top of it.
Me: "You guys do know that FTX collapsed last week, right?"
Person: "Yeah, it looks terrible, doesn't it?"
Me: "Maybe tell your bosses to place an urgent order of new pamphlets with a local printer rather than giving these out."
Must be tough running a blockchain/crypto firm these days.
A loss of around 14 billion USD in market cap should be tough to fix. A very stable coin? #sarcasm #UST #Cryptocalypse