How should it happen? Do they play the counter position of futures and leverage trading? Would be the most retarded they could do.
If they sell/ hedge the position, it is a save game backed by fees.
So it could be fud or binance scams. But I would think it's safu.
Simple because they should be very profitable.
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It's unknown.
Binance can always scam but the question is how bad would their finances have to be that it's worth scamming considering how large the business is and the insane market share they've got?
It's 100% Fud for me.
They make simply too much money out of fees.
Tether is something I would see it not impossible, but it same fee game. If they back the cash in some way and it's not air, they should make also enough out of fees. If not, yeah :P