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Rabbit Hole Recap #267: Bank Run on Binance?

Rabbit Hole Recap

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Risks of Trusting Custodians: Binance and Tether

This chapter discusses the potential risks and challenges faced by Binance, a cryptocurrency exchange platform. They compare Binance to FTX, emphasizing the similarities between Binance and Tether in terms of custodial risk. The chapter also highlights the concerns about Binance's financials, the large amount of Bitcoin held on the platform, and the possibility of a bank run.

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