Binance Warned of Possible Implosion, Execs Respond
Travis Kling, founder of Ikigai Asset Management, has recently warned of a potential “implosion” at Binance, citing a timeline of “negative events” since December 2022. These events include withdrawal from certain jurisdictions, mass layoffs, and lawsuits from the US’s chief market regulators. Kling suspects Binance may have an FTX-like asset-liability mismatch, which is when exchanges […]