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Binance & Why they may be freezing withdraws (Speculation)

Binance

Cryptocoins Exchanges / Binance 304 Views

PrimeTrust is the Clearing house for Binance so your money is not coming from Binance its coming from PrimeTrust. They act as a bank for Binance & AnchorUSD.

Well heres the thing... Customers on Binance arent the only ones experiencing this issue, AnchorsUSD customers (an App that was doing alright up until March 21st when freezes started happening) is also experiencing similar issues & there customer service has been awful recently.

AnchorUSD stated in an E-mail that the issues arose around March 21st and that they have been trying to find a solution but nothing so far.

Now banks/institutions are having alot of liquidity issues. the events of Gamestop & Archegos has exploited a major faulty/fraudulent system so there has been many pushes on banks/institutions recently which require them to be tested for liquidity monthly. which means banks/institutions need to have the liquidity requirements monthly or else if not they will become liquidated/bankrupt but they will be qualified for insurance if this happens. - PrimeTrust may have been liquidated.

around the time Archegos went down & the SEC stepped there foot down was when PrimeTrust started to have issues.. so this may be whats happening.

Id get with Regulators to question whats going on.

im still waiting on my $1,500 withdraw from AnchorUSD since March.

submitted by /u/CureSociety
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