3min chapter

Crypto Critics' Corner cover image

Harmony Horizon Exploit, Lazarus Group, and Cryptocurrency Bridges

Crypto Critics' Corner

CHAPTER

Binance's Systemic Importance Just Keeps Going Up

A complete asset seizure a shutdown or an FTX-style collapse of Binance would be devastating. I think that is far more likely than regulators and law enforcement agents figuring out a way to shut it down entirely. My gut instinct is they're going to get a deal but there's a part of me that looks at what they did to BitSlotto, how do you publicly justify pursuing one and letting the other go? That doesn't mean it ends up the same way. It just means even the most powerful and largest players in the industry are doing a piss poor job of being a respectable financial entity.

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