Thomas Davies Profile picture
Jun 3, 2021 14 tweets 6 min read
Binance is in deep trouble with their margin lending platform and interest-bearing "savings" accounts. Investors funds are seriously at risk of being devalued. The best that can happen? Interest rates get reduced. The worst? Investors lose a % of their invested funds. Pt1 Binance recently announced this, which has gone unnoticed by the community: binance.com/en/support/ann…

In short, Binance is admitting that the insurance fund has been bled dry by liquidations. They are now putting their own "profits" into the fund to try and replenish it. Pt2