1. You can't withdraw crypto. 2. Or use ACH payments. 3. Or a debit card. 4. Also our #ApplePay just got terminated 5. Wire transfer is green but wires only work during business hours aka "not right now"
Happy trading all you cute #Binancians! Let's post some fun memes about how all our money is gone forever!
Just to clarify it's only *some* crypto they admit you can't trade: $BUSD.
Also all of this is just temporary. I'm sure #BinanceUS will find a new banking partner "soon". After all it's only taken #Binance what, 70 days to find one?
70 days... so far.
Fascinating 🧵 about "wen my money" on #BinanceUS sub. Seems to imply the problem on is/was with #PrimeTrust, the manager of #BinanceUS users' accounts at $SBNY that may not have mastered the dark arts of KYC, AML, & BSA yet. but still not a sure thing. reddit.com/r/BinanceUS/co…
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Surely it's just a coincidence that $2 billion worth of #Tether was printed at what was probably the exact same hour on the same day the US government moved to dump $212 million in Bitcoin onto the market at #Coinbase and half of that was $USDT accepted in $COIN's market?
🚨 #CryptoCom is who $MCB is banking fren... All that USD flowing into and out of the American banking system seems to pass through them. And they are STILL banking #CryptoCom according to #CDC's own site.
$MCB sends out hail mary press release about their strong financial position as of yesterday (morning or afternoon? Funny you don't say...) at the end of a day their stock crashed almost 30%.
🧵 just to thread up this incredibly astute observation by @SEC_digger about which numbers $MCB chose not to update from where they were on Dec. 31st, 2022:
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It's interesting to look at what #CFTC is asking the court for in the #Binance complaint:
1. Stop all trading immediately 2. Give us all the money 3. Actually give us more than all the money 4. Including salaries of all executives (lol @prhillman) 5. Jury trial
@prhillman 6. No one associated with #Binance in any form should ever be allowed to trade commodities, futures, or other derivatives in the American market ever again ("permanent injunction")
* small correction: @PRHillmann is Binance US's CSO not CEO
🧐 @FDICGov's press release makes it sound like First Citizens Bank took all the loans that #SiliconValleyBank had on its books.
But... it did not.
$90 billion in toxic loans were left behind.
Cost to taxpayers currently estimated at $20bn but it will rise.
@FDICgov 🧵 Much of what is being written about #SVB is just as wrong as what's being printed right now about Citizens Bank "buying Silicon Valley Bank".
To be clear: $SIVB had $90 billion in loans so toxic no one would buy them.
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Couple weeks ago #Binance stopped letting anyone post to r/binance on @Reddit and said they would limit comments to the "Daily Discussion" threads. (Conveniently that meant no one can see what mods deleted on #reveddit.)
@Reddit 🧵 Also because #Binance's fans on Reddit are so numerous and lucky there have always mysteriously been exactly 888k #Binancians subscribed to r/Binance on Reddit.
Now for some reason there are 889k...
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I made a thread last month about the kind of threads the mods of r/Binance were deleting.
This is the kind of information the switch to "Daily Discussion" threads gets rid of.