25min chapter

Citadel Dispatch cover image

CD109: Bank Run on Binance? with Dylan LeClair

Citadel Dispatch

CHAPTER

Binance's Model and Trust Issues

This chapter delves into the pioneering of BNB by Binance, the lack of trust in centralized institutions, and concerns about Binance's solvency. It explores the value proposition of buying BNB, the mechanism used to increase its value, and the skepticism surrounding it. Additionally, it raises questions about Binance's customer funds and compares it to other exchanges like FTX.

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