Is Binance in trouble with the recent "interpol red notice" for CZ?
Here's the game theory breakdown
You withdraw, Binance no trouble (-1)
You withdraw, Binance close withdraw (+100)
You no withdraw, Binance no trouble (-0)
You no withdraw, Binance close withdraw (-100)
Withdrawing from Binance is the only positive EV action
Leaving funds on Binance is hugely negative EV action
Just ask the fools who have their funds stuck on FTX
At least FTX an American company is undergoing bankruptcy; one gets some back after years
But if Binance rugs...
what you gonna do?
fly over to Shanghai and ask the authorities for help?
China banned coins
fly over to Dubai and ask the authorities for help?
Not going to happen
Binance is even running out of their home grown stables
twitter.com/52kskew/status/1642903392778616833?s=46&t=TJqY7T601qP_XhXVAViauA
Turns out Binance Recovery Initiative was to save itself...?
twitter.com/leomschwartz/status/1641818517023477761?s=46&t=TJqY7T601qP_XhXVAViauA
Forget not that when Voyager and several others were melting up
SBF ran a rescue fund too
Nobody saw a single cent of that fund
There is only one thing to do now if you've got funds in Binance
And it starts with W
🦦