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paulpauper
on March 29, 2023
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Binance sees $2B in outflows as troubles compound
Far OTM puts on BNB would be a good play to bet on binance failure or hedge, sorta like a credit default swap. Of course, not on binance. You could probably lend assets on binance to collect $ while hedging with BNB puts on some other exchange.
NotYourLawyer
on March 29, 2023
[–]
There’s terrifying credit risk at every exchange.
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