This is quite the insinuation. What would lead you to such a drastic conclusion about us?
Discussion
Not sure what Odell knows. From public info maybe it has to do with PT.
It’s unprecedented to have funds in legally segregated trust accounts clawed back. That’s the whole point of a trust company. It segregates business operations from client funds.
Agreed. This is an accusation with nothing to back it up. It's deliberately ambiguous. We all know about Binance, we all assume Swan is fine & trustworthy. Unless he has some behind the scenes information that hasn't got out yet then he should not post a comment like this. It's irresponsible.
Exactly. He won’t respond to my Telegram DMs either. Surprising from Matt.
And by the way, there’s no inside information about Swan he could know that I don’t. There is nothing. 64% of sats purchased at Swan every month are withdrawn. We encourage and support self-custody as much as possible. Every other sat is in a legally segregated trust account in the client’s name and, by definition, 100% reserve. Only bitcoin, of course. There is no logical reason to compare us to Binance. 🤔
Followed #plebchain
Is there an pdate to any of this yet? I haven't seen anything