1226
To adjust to recent price fluctuations, #Binance has topped up the #SAFU insurance fund to $1 billion USD equivalent again.
BUSD AND BNB address about 700m: bscscan.com/address/0x4B16…
BTC address 300m: blockchair.com/bitcoin/addres…
Transparency. 1/2
1227
Two big lessons:
1: Never use a token you created as collateral.
2: Don’t borrow if you run a crypto business. Don't use capital "efficiently". Have a large reserve.
Binance has never used BNB for collateral, and we have never taken on debt.
Stay #SAFU.🙏
1228
1230
0-fee #BTC trading will remain on #Binance for the foreseeable future. I got used to this hairstyle. 😂 twitter.com/binance/status…
1231
All crypto exchanges should do merkle-tree proof-of-reserves.
Banks run on fractional reserves.
Crypto exchanges should not.
@binance will start to do proof-of-reserves soon. Full transparency.
1234
There is a lot to cover and will take some time. This is a highly dynamic situation, and we are assessing the situation in real time. Binance has the discretion to pull out from the deal at any time. We expect FTT to be highly volatile in the coming days as things develop.
1235
This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire FTX.com and help cover the liquidity crunch. We will be conducting a full DD in the coming days.
1237
@JesuslVivas @Eljaboom We are simple people. 🙏
1239
Keep building, steadily and consistently. twitter.com/Moexba/status/…
1240
1241
@Earth_to_Vic @CryptoAlerts365 We still hold the LUNC we got from day 1. Never moved off the address.
1242
Doubts creep in once in a while, 😂 stay strong, stay SAFU. twitter.com/sunnya97/statu…
1243
@CRYPTO_TAG haha, but no. 😂
binance.com/en/blog/all/bi…
1245
@TheDustyBC These are not our money. They are user assets. We are just the custodian.
1246
#Binance has about $8 billion ETH in our cold wallets 1 & 2.
1247
1248
@tier10k I didn't say that. It was a question, not a commitment. I think we will stay in the free market.
We still hold LUNA (now LUNC) today. 😂
1249
1250
Funny memes, media & some people tried to color this as a “fight.” Sorry to disappoint, but I spend my energy building, not fighting. Today I spent my day on our business & our community. I suggest others do the same. Back to building. 4/4
CEO @binance, holder of #bnb #btc