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RE: Almost 10 million HIVE withdrawn from the exchanges in just one week!

in Hive Statistics • 3 years ago

An interesting thing about Hive exodus from exchanges is it could reveal if any exchanges have been operating fractional reserves of Hive.

3 years ago in Hive Statistics by
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  • Past Payouts $0.28
  • - Author $0.14
  • - Curators $0.14
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     3 years ago  

    If any are caught with their pants down they would have to market buy somewhere else and fulfill their clients withdrawal requests. A situation we can hope for.

    Posted Using LeoFinance Beta

    $0.14
    • Past Payouts $0.14
    • - Author $0.07
    • - Curators $0.07
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     3 years ago  

    Is that possible? Shouldn't their wallet be verifiable blockchain data?

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       3 years ago  

      We know how much they have on chain. We don't know how much their customer balances are in DB.

      Posted via D.Buzz