The SEC has taken to using extremely aggressive and intimidating tactics in its pursuit of an ideological campaign against the American digital asset industry. https://t.co/HrbX93eYuS and our business partners have not been spared in the use of these tactics, which has created challenges for the banks with whom we work.
As a result, in an effort to protect our customers and platform, today we are suspending USD deposits and notifying customers that our banking partners are preparing to pause fiat (USD) withdrawal channels as early as June 13, 2023. We encourage customers to take appropriate action with their USD.
Our priority is, and has always been, our customers. We are taking these proactive steps as we–for a time–transition to a crypto-only exchange. To be clear, we maintain 1:1 reserves for all customer assets. Any downtime in processing withdrawals may be the result of elevated volumes and weekend bank closures. Moreover, trading, staking, deposits and withdrawals in crypto remain fully operational.
While we remain open to a productive compromise that enables a thriving digital asset marketplace in America, https://t.co/HrbX93eYuS will continue to vigorously defend ourselves, our customers, and industry against the meritless attacks of the SEC.
Our notice to customers:
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 https://t.co/BGtFlCmLXB and help cover the liquidity crunch. We will be conducting a full DD in the coming days.
An exploit on a cross-chain bridge, BSC Token Hub, resulted in extra BNB. We have asked all validators to temporarily suspend BSC. The issue is contained now. Your funds are safe. We apologize for the inconvenience and will provide further updates accordingly.
Circle's USDC scheme is on the brink of collapse. If you read their SPAC IPO filings its clear they have been losing money constantly but theres something dirtier happening underneath. They're at major risk on defaulting on USDC reserves. A deep dive 🧵 on USDC. 👇
สวัสดี
Gulf Energy, the largest energy company in Thailand🇹🇭, and a large investor in Thailand telecom, has:
🔶 bought a large chunk of #BNB as a publicly listed company
🔶 invested in @BinanceUS
🔶 launching a JV with @Binance
https://t.co/0IMOB55P0b
Just finished recording with Willy and PlanB.
2 hours long, absolute masterclass. Can’t wait for you guys to hear this one.
Will be released on Saturday.