A hippo hungry for crypto! 🦛
Trying to highlight factually based crypto news, using onchain evidence & well-sourced statements.
Also eating watermelons 🍉
Feb 28, 2023 • 13 tweets • 7 min read
The @Forbes article exposing Binance was so bad, that CZ actually took the time to respond without just saying "4" (FUD).
All his responses don't address any of the issues Forbes has risen, and only goes on to highlight how worried CZ / Binace must be.
About the same time FTX was imploding, holders of more than $1 billion of crypto known as B-peg USDC tokens were left with no collateral for instruments that Binance claimed would be 100% backed by whichever token they were pegged to. 🤯
Dec 16, 2022 • 20 tweets • 11 min read
Pt 2: Who is the biggest owner of #Binance 's BNB?
TD:LR - Binance.
BNB Circ Supply
👉159.9M BNB
Binance linked wallets (Not in Proof of Reserves)
👉109-131M BNB on Beacon in Binance linked wallets. (67 - 81%)
Customer Funds (PoR)
👉16.5M BNB on ETH
👉6.5M BNB on BSC
🧵👇
Quick explainer on BNB token.
Launched in 2017, on the ETH chain with 200M BNB supply.
➡️100M to ICO
➡️80M to Founding Team of Binance (4 year vesting period)
➡️20M angel investors.
Part 1: "Something very suspicous is going on with the #Binance Beacon Chain."
TD:LR - The #4 largest wallet holds 22M #BNB , but has no transaction history of these funds being deposited.
9 transactions, only 2 deposits for less than 0.0001 BNB
🧵👇
At first I thought this was a bug with the BNB explorer, so I checked another. I haven't found another dedicated BNB Beacon chain explorer, but Bitquery has access to this chain.