Yeah, why is there $6bn in hot wallets in the first place ..
Makes me think traditional banks have solved this from the start. You can't steal the backing of an unbacked currency.
Makes me think traditional banks have solved this from the start. You can't steal the backing of an unbacked currency.
Traditional banks and crypto exchanges alike rely on the carefully cultivated illusion that you can withdraw your money at any time.
$6B is probably several billion too large for a hot wallet but it's not completely obscene for an operation of Binance's size.