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1 episodes · 4 quoted claims
Binance promised to repay customers who lost money and says it has frozen about $3 billion of the stolen cryptocurrency.
“Binance has promised to repay anybody who lost money and is working hard at recovering as much of it as it can. The company says they've managed to freeze about $3 billion of the stolen crypto.”
Amanda Fisher of Better Markets said stock investors keep funds with a broker audited and regulated by the SEC, unlike customers who hold crypto at the exchange itself.
“You may trade on the New York Stock Exchange, but you don't keep your funds with the New York Stock Exchange, you keep it with your broker. And your broker is audited and regulated by the SEC”
The crypto exchange FTX collapsed in 2022 after dipping into client funds.
“this has happened before, including most prominently with crypto exchange FTX, which collapsed in spectacular fashion in 2022.”
Regulators took a strict approach to crypto under the Biden administration, while the Trump administration has promised lighter regulation.
“under the Biden administration, regulators took a really strict approach to the crypto sector, but the Trump administration has promised a much lighter regulatory approach.”