Things look bad for Binance. DOJ is looking to charge them with money laundering for criminals and sanctions violation. I'm taking most of my assets out into self custody and swapping my remaining BUSD for USDT / USDC. I don't see much upside by keeping my funds in centralized exchange with that huge fud right now. But I see lots of downside, ergo losing all my assets. I'll wait for the FUD to calm down first before moving them back in. This bear has been full of black swan events. https://www.reuters.com/markets/us/us-justice-dept-is-split-over-charging-binance-crypto-world-falters-sources-2022-12-12/
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4 comments
Too Much FUD BUD
Yeah. Don't like it, but we're small fish in the pond
That's not FUD. That's the US throwing their big weight everywhere and bullying everyone that doesn't dance to their tune.
Exactly.