CryptoQuant USA – A recent news report claiming hundreds of billions of dollars are missing from US institutions was published by The Economist. Changpeng Zhao, the CEO of Binance, tweeted the information. CEO of CryptoQuant Ki Young Ju couldn’t control his excitement as he responded to the tweet and shared his ideas.
Ki responded to the tweet and urged followers to call out the banks where the clients’ money was supposed to be. In addition, CryptoQuant USA said he wouldn’t be shocked if they listed the name of any bank other than those that don’t utilize customer money or have reserves that can be verified.
The CEO of CryptoQuant has been quite outspoken about banks throughout the bank runs. He recently tweeted about how central banks are working together to support US dollar liquidity.
Ki has asked those who believe in the US currency system to think about three possibilities. He first put up the fictitious scenario in which bitcoin exchanges dedicate all customer cash to shitcoin. Second, he challenged them to imagine a situation in which Satoshi Nakamoto creates a limitless supply of bitcoins to save these exchanges.
The announcement was made at a time when major American banks are crumbling and banks are experiencing their fair share of upheaval due to the disappearance of customer cash. The bitcoin market was operational despite the commotion.
The SEC has increased its surveillance of the bitcoin industry in the middle of all of this. On the grounds of fraud and market manipulation, the SEC sued Justin Sun, the creator of Tron, as well as several celebrities, like Jake Paul, for endorsing it.
The CEO of CryptoQuant Reacts to Billions of Money Missing from US Banks originally appeared on Coin Edition.
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