Binance US Halts All USD Withdrawals

Oct 17 (Reuters) – The U.S. unit of cryptocurrency exchange Binance has halted withdrawal of dollars by its clients from the platform, its updated terms showed on Monday. In early June, Binance.US had halted dollar deposits, after the U.S. Securities …

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Binance allegedly liquidating customer assets to prop up BNB. Their defense is that they “burn” some of their infinite BNB supply which is worth “so much more than their customer assets”. Anyone can burn trillions of spreadsheet coins. Just like FTT, its worthless.

by FearlessEggplant3036 If they sell any of it at $200 the price will crash to $0, so they do monthly burns eg. if they burn: 1 billion coins x $200 = 200 Billion dollars burned, so why would a company …

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