Withdraw from exchanges and self-custody immediately!

•

Time is ticking crypto exchanges are DROPPING LIKE FLIES you have only a few hours/days left to withdraw from exchanges a mega thread on why you ought withdraw from exchanges and self-custody immediately! 🦦👇🏼🧵

lets start with binance 0. BNB mysteriously minted 1. BUSD f*ckery 2. sharing reserves with other chinese exchanges 3. assets mix 4. cz behaving like alex mashitskyy 5. key executives leaving binance 6. auditor rage quit 7. binance starts to stonewall

0. BNB mysteriously minted the origin of 22m $BNB worth $5.7bn is unaccounted for on Binance beacon chain no transaction creating it no idea how it got there no idea how it was minted are they inflating reserves? we need answers, @cz_binance 🦦👏🏼🚩 twitter.com/cryptohippo65/status/1603574208956620802?s=20&t=InocSsv4idNVP-X1R8M_bQ

somehow, Binance has waaaaaaaay more BNB than it declares as reserves twitter.com/cryptohippo65/status/1603574217806594049?s=20&t=InocSsv4idNVP-X1R8M_bQ

1. BUSD f*ckery only BUSD on Ethereum is from Paxos (hence regulated by NYDFS) BUSD on BSC and anywhere else are basically wBUSD issued by Binance (hence unregulated by anyone) twitter.com/otteroooo/status/1602710106927267840?s=20&t=9Ysm5HgsNkoz_BUVYP1zFA

suggestion: sell out of BUSD now if you can't then at least make sure you have BUSD on Ethereum otter broke the news first and you can see exactly when BUSD lost 16% of its market cap upon this ottery revelation 🦦

2. sharing reserves with other chinese exchanges there is blockchain evidence to suggest that chinese exchanges were sending large amounts of funds to each other right before their attestations were conducted twitter.com/mikealfred/status/1603199576931913728?s=20&t=MXM_D6TIEWCorraML5gIDg

55% of crypto twitter polled believe the evidences of chinese exchanges sharing assets to survive bank run twitter.com/otteroooo/status/1603258584875212800?s=20&t=7r_nOhegHncSPDc3sssFiw

3. assets mix the proof of reserve from binance shows us that BTC & ETH make up only 24.5% of the reserves BUSD, USDT & BNB alone make up 57% of the reserves the low amount of BTC on exchange reminds otter of how FTX had no Bitcoin in its wallets when they failed

what happens when there's no more BTC & ETH to withdraw? Do folks get BNB or some other shitcoin? Imagine if FTX customers get back FTT and SRM tokens now not all coins are made the same 🦦

4. cz behaving like alex mashitskyy CEOs who run a deficit on their books and don't have all the money they claim to have... .. sure seem to be very panicky here is cz trying not to lie but his face says it all... twitter.com/i/status/1603479251793063937

here are both Binance and Celsius CEOs telling us that you folks are too dumb to self-custody and that we should instead trust them with our coins aaaaaaaaa twitter.com/otteroooo/status/1603256639817101312?s=20&t=6BR1sKS3PmhM2-dtOmzoNA

5. key executives leaving binance executives who know whats happening usually dont want to stick around to get f*cked recall how @AlamedaTrabucco jumped ship right before the ftx fallout? well, the rats are fleeing again twitter.com/AP_ArchPublic/status/1601221957454041090

6. auditor rage quit all these chinese exchanges & nexo use the same auditor Armanino LLP well, this auditor now no longer wants to be associated with these offshore clown shows twitter.com/otteroooo/status/1603553556119724032?s=20&t=6BR1sKS3PmhM2-dtOmzoNA

the same thing happened when Celsius failed twitter.com/otteroooo/status/1534473287316606976?s=20&t=7r_nOhegHncSPDc3sssFiw

7. binance starts to stonewall withdrawals twitter.com/mikealfred/status/1603497944564396033?s=20&t=7r_nOhegHncSPDc3sssFiw

here's another twitter.com/Bitfinexed/status/1603402273882873861

the standard playbook in stopping a bank run is throwing all kinds of silly delay tactics this reminds otter of another withdrawal delay tactic seen this year twitter.com/otteroooo/status/1534027419765460993?s=20&t=Oxo3ba6cMd9uSlojd9O5eQ

folks think binance is now having a bank run twitter.com/otteroooo/status/1602713887048073216?s=20&t=7r_nOhegHncSPDc3sssFiw

NOW IS THE BEST TIME TO SELF-CUSTODY! Otter endorses @GetBlockWallet this is a wallet that otter has written at length on BlockWallet these are what otter is looking for in a wallet twitter.com/otteroooo/status/1564972654376783872?s=20&t=Y_7K1A5Kct3xkyAInffbOg

lets go through each of these one by one, so as you see the importance of these characteristics in choosing a wallet twitter.com/otteroooo/status/1564972659640659970?s=20&t=Y_7K1A5Kct3xkyAInffbOg

with metamask tracking users IP, metamask is dead to otter we move to BlockWallet, which offers us privacy twitter.com/otteroooo/status/1564972668259971078?s=20&t=Y_7K1A5Kct3xkyAInffbOg

Metamask, Binance, all these too big to fail behemoths only serve to corrupt the crypto space further it is time to shun the monopolies who have taken us for granted twitter.com/otteroooo/status/1564972675813892097?s=20&t=Y_7K1A5Kct3xkyAInffbOg

twitter.com/otteroooo/status/1564972684554817536?s=20&t=Y_7K1A5Kct3xkyAInffbOg

twitter.com/otteroooo/status/1564972695334162432?s=20&t=Y_7K1A5Kct3xkyAInffbOg