Binance sells Bitcoin Cash that doesn't exist. — @PanteraOnNoiseApp on read.cash

@PanteraOnNoiseApp 9 July 2023 edited more from that month

Binance sells Bitcoin Cash that doesn't exist. There is a supply shortage and they openly admit they don't have enough Bitcoin Cash to cover withdrawals. Read here: https://twitter.com/im_uname/status/1678159645209411584

4 comments

@JLoberiza 9 July 2023

how can they sell something they don't have?
- @PanteraOnNoiseApp 10 July 2023
  
  It is called fractional reserves banking
  - @JLoberiza 11 July 2023
    
    Isn't that something that used by banks? but banks lend money... not sell... err... well they trade other currencies... Anyway, the question is... did they think they can apply such in cryptocurrency???
@Sanctuarian 9 July 2023

Just goes to show how the dramatic suppression of price discovery has a motive. Those guys are running out of bullets.