> It seems very unlikely they have $3-6B lying around ready to repay customer deposits
For Binance? I’d actually say very likely. They’d need to move a couple of papers around, but should be easy.
For Binance? I’d actually say very likely. They’d need to move a couple of papers around, but should be easy.
withdrawals have been paused since Thursday night. binance says it will reopen them in stages from Sunday and publish proof of reserves by Monday, which is the thing that would actually answer your question.