- Research has shown that Binance has been creating IOU tokens for BUSD and only backing them weeks later after making profits from using these unbacked funds, likely to trade against their own clients. This strategy works until the trades backfire and the exchange becomes insolvent. https://datafinnovation.medium.com/binance-peg-busd-was-often-undercollateralized-2bb7f8903ee1 7 comments btc
- Binance-Peg BUSD Was Often Undercollateralized https://datafinnovation.medium.com/binance-peg-busd-was-often-undercollateralized-2bb7f8903ee1 26 comments cryptocurrency
Linking pages
- Binance’s Asset Shuffling Eerily Similar To Maneuvers By FTX https://www.forbes.com/sites/javierpaz/2023/02/27/binances-asset-shuffling-eerily-similar-to-maneuvers-by-ftx/?sh=20ae611abccd 35 comments
- CZ tweeted that a $1B recovery fund would be moved into 'native crypto' with 'transparency.' Then Binance stuck it in a corporate wallet | Fortune https://fortune.com/crypto/2023/03/31/cz-native-crypto-binance-recovery-fund-corporate-wallets/amp/ 27 comments
- Binance’s Asset Shuffling Eerily Similar To Maneuvers By FTX https://www.forbes.com/sites/javierpaz/2023/02/27/binances-asset-shuffling-eerily-similar-to-maneuvers-by-ftx/?sh=10f1873fbccd 26 comments
- Binance’s Asset Shuffling Eerily Similar To Maneuvers By FTX https://www.forbes.com/sites/javierpaz/2023/02/27/binances-asset-shuffling-eerily-similar-to-maneuvers-by-ftx/?sh=6af5a3b7bccd 24 comments
- Further Binance-Peg Token Problems | by DataFinnovation | Jan, 2023 | Medium https://datafinnovation.medium.com/further-binance-peg-token-problems-8db6a2cc20c3 6 comments
- The Binance Scam Chain - Dirty Bubble Media https://dirtybubblemedia.substack.com/p/the-binance-scam-chain 0 comments
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