Is another crypto shoe about to drop? -
December 16 – Financial Times (Scott Chipolina, Michael O’Dwyer, Martha Muir, Joshua Oliver, and Stephen Foley i): “Outflows from Binance accelerated to $6bn in the first half of this week, while accounting firm Mazars has halted its work on crucial ‘proof of reserves’ reporting, as the crypto exchange battles to avert a crisis of confidence. Binance… is battling to reassure investors of its financial strength following the collapse of rival crypto exchange FTX. The exchange said on Friday that it had been hit by roughly $6bn in net withdrawls between Monday and Wednesday.”
