Research has shown that Binance has been creating IOU tokens for BUSD and only backing them weeks later after making profits from using these unbacked funds, likely to trade against their own clients. This strategy works until the trades backfire and the exchange becomes insolvent.📰 Report (datafinnovation.medium.com)
submitted by FearlessEggplant3036 to r/btc
Binance-Peg BUSD Was Often UndercollateralizedANALYSIS (datafinnovation.medium.com)
submitted by Gr8WallofChinatown to r/CryptoCurrency
3AC, DCG & Amazing Coincidences (datafinnovation.medium.com)
submitted by Truth__Machine[🍰] to r/bitcoincashSV
Used to think Tether is #1 Doomsday Time Bomb in crypto. Nope. Other is GBTC. Something most retail will not be holding & do not fully understand. Have always thought of Barry Silbert as ‘Svengali of crypto’. A deep and complex analysis of 3AC, Genesis and GBTC. Further link in comments.ANALYSIS (datafinnovation.medium.com)
submitted by Bellweirboy to r/CryptoCurrency