Binance just absorbed $6B in losses from the hack.
That's not a bailout. That's CZ's war chest keeping the entire ecosystem from collapsing.
Most exchanges would've filed Chapter 11 and ghosted. Binance ate the loss and kept the lights on.
Say what you want about centralization, but when shit hits the fan, liquidity and balance sheets matter more than ideology.
This is why $BNB holders sleep better at night.
That's not a bailout. That's CZ's war chest keeping the entire ecosystem from collapsing.
Most exchanges would've filed Chapter 11 and ghosted. Binance ate the loss and kept the lights on.
Say what you want about centralization, but when shit hits the fan, liquidity and balance sheets matter more than ideology.
This is why $BNB holders sleep better at night.