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RE: Binance Issues an Apology to the Steem Community & Exposes a DPoS Vulnerability | Steemleo Show #21
You know what's posing the biggest threat to Steem holders on Binance?
Binance being insolvent.
Yesterday there was a 20% discount on Steem via Binance due to their insolvency.
Do not transfer coins to @deepcrypto8
Binance has 1.2M coins and they have withdrawals disabled.
I repeat: they have liquidity and are actively choosing to be insolvent.
They are attacking us. (@binance-hot)
I think the discount is done now, but I still think they may be insolvent. I'm not 100% sure though.
I'm no longer a binance user. I loved their exchange and used it for years. Now I'm moving over to bittrex and other options that haven't used user funds to vote on blockchain consensus.
Posted via Steemleo
The Problem I have is that Binance still offers me service without KYC... and I still really appreciate that. I'm a little torn, but not really because Steem is my favorite project... maybe I'll use KuCoin more.