there are three bank runs happening right now
binance
coinbase
prime trust
Discussion
Are SWAN funds secure?
#Swan has migrated away from #PrimeTrust and is now using #Fortress. Conversion for some customers is still underway and some services yet to be activated— ie. #DCA. #btc #bitcoin #chokepoint
I wonder how many will figure out what self custody means after all this
But our own bank at home has no bankrun.
Moarrrr
If BUSD is not fully capitalized, they may be near a point that this may fail. The market cap was at an ATH of nearly $23 billion in November 2022 and it currently stands at $4.8 billion. This is a MASSIVE drop.
Yes x3
I've actually had transactions from Swan and Strike have the same transaction block and go to two different addresses because they bother came from Prime Trust.