Timing of the Hack
I am only listing the Timing considerations, I am not implying they are connected:
– BTC was ready to Break out over 6K
– New Support Group took over at Binance
– Another exchange is under legal scrutiny
– A maintenance was supposed to occur about the same time
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It seems that the hackers, if they had shorted BTC with the hope of a major dump, they were not rewarded. The Bulls seem to be in control now, as the upcoming demand from institutions is just too great.
Makes sense. This whole maintenance announcement seems sketchy AF.
Binance should get out of the usdt game immediately. Plus the Bitfinex premium dropped right after the hack. This looks awful. 130 mil in profit means 13 mil in the safu fund. How was there money in the safu fund to cover this loss? This isn’t great binance.
Binance has always been sketcy as fuck
“New Support Group took over at Binance”? “A maintenance was supposed to occur about the same time”? Neither of these things are true.