The collapse of Binance will be the Enron moment. By magnitude, Tether is a much... | Hacker News

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		pclmulqdq on Nov 16, 2022 \| parent \| context \| favorite \| on: The fall of Sam Bankman-Fried is crypto’s Enron mo... The collapse of Binance will be the Enron moment. By magnitude, Tether is a much bigger "fractional reserve" (Ponzi) scheme than FTX.

williamstein on Nov 16, 2022 [–]

Are you confusing Bitfinex and Binance?

pclmulqdq on Nov 16, 2022 | [–]

No. Binance is a huge exchange and is tied to Tether, which is an open scam. Bitfinex is a comparatively small player.

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