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Binance withdrawals and BUSD redemptions surge post Paxos crackdown
14.2.2023
Net outflows at the cryptocurrency exchange hit $788 million over the last 24 hours, however, Binance told Cointelegraph that "Funds are SAFU."
SBF pleads not guilty, crypto layoffs, and bank run on Silvergate: Hodler’s Digest, Jan. 1-7
7.1.2023
Crypto community members discuss Bank-run on Binance
13.12.2022
According to CEO Changpeng “CZ” Zhao, Binance has seen outflows of an estimated $1.14B from its exchange
CoinList addresses 'FUD' on withdrawals, cites technical issues for delays
25.11.2022
CoinList blamed “custodian issues” with one suffering an outage affecting “many tokens” on the platform as the reason for reported withdrawal problems
FTX Token, BNB and Solana soar after Binance CEO inks potential deal to acquire FTX
8.11.2022
Solana and FTX token saw a sharp rebound after headlines announced that Binance would acquire FTX due to liquidity issues, but will the upside last?
Bitcoin price hits 2-week lows as FTX ‘bank run’ drains BTC reserves
8.11.2022
Analytics tools can barely keep up as mass withdrawals appear to imply liquidity is evaporating
Bank Run at NFT Lender BendDAO Prompts Attempt to Avert Another Liquidity Crisis
22.8.2022
China Frozen Bank Account Controversy: Affected Clients Injured During Protests, Nearly $6 Billion Missing
11.7.2022
Some Chinese bank clients, whose accounts were frozen in April, were injured while staging a protest at the Zhengzhou branch offices of the country’s central bank. Reports from local media outlets suggest that as much as $6 billion in client funds is missing and the individual believed to...
Billionaire Investor and Galaxy Digital CEO Mike Novogratz Addresses the Terra LUNA and UST Fallout
18.5.2022
On May 18, the billionaire investor and crypto proponent Mike Novogratz published a post about the recent Terra blockchain fallout. Novogratz and his firm Galaxy Digital were big believers in the Terra project, and the investor even got a LUNA-centric tattoo on his arm. Despite the recent events...
Monero v15 Upgrade Scheduled for July, Community Tries to Coordinate XMR ‘Bank Run’
18.4.2022
The Monero (XMR) community scheduled the v15 network upgrade for mid-July after reaching a consensus -- an upgrade that will not include the "Monero 2.0" hard forks. Meanwhile, some project supporters are trying to orchestrate "The Monerun."
"Monero is set to hard fork on July 16th 2022...
Russian Bank Run Begins as Ruble Plunges to Record Low Amid Escalating Sanctions
28.2.2022
A bank run has started in Russia as citizens rush to withdraw cash amid escalating sanctions. The Russian ruble also nosedived to a record low, plunging more than 30%. “There are about 70 people in line. Eyewitnesses say the money in the ATM runs out within 40 minutes.” Russians Rush...
Iron Finance bank run stings investors — A lesson for all stablecoins?
28.6.2021
The Iron Finance stablecoin fiasco caused cries for regulation and shed light on the importance of complete collateralization
'Crypto Bank Run' Shows Mark Cuban That DYOR Comes Before Regulation
18.6.2021
Mark Cuban. Source: a video screenshot, Youtube, The Filmy
Amid the algorithmic stablecoin debate prompted by what decentralized finance (DeFi) protocol Iron Finance called "the world’s first large-scale crypto bank run," many in the Cryptoverse came down quite hard on Dallas Mavericks...
Mark Cuban calls for stablecoin regulation in wake of Iron Finance 'bank run'
18.6.2021
After a bank run on the Iron Finance protocol cost him dearly, Mark Cuban is calling for regulation to define “what a stablecoin is and what collateralization is acceptable.”
Iron Finance Token Slides From $64 to Near Zero Following ‘Large-Scale Crypto Bank Run’
17.6.2021
The Iron Titanium token (TITAN) value has quaked a great deal after the project suffered from what the team called “the world’s first large-scale crypto bank run.” After touching a high of $64 per token on Wednesday, the project slid to near zero and remained worthless on Thursday...
Harvest Finance: $24M Attack Triggers $570M ‘Bank Run’ in Latest DeFi Exploit
26.10.2020
Harvest Finance has seen its total value locked drop by more than $500 million in the 12 hours since being hit by a flash loan attack
Escalating Bank Runs Spur Chinese Government to Require Approval for Large Cash Transactions
7.7.2020
A series of bank runs has prompted the Chinese government to begin requiring approval for large cash deposits and withdrawals at commercial banks, starting with banks in a northern province. Recently, two bank runs happened within a week as people lost faith in financial institutions amid...
Cryptocurrency Regulations Advance Despite Global Crisis, Cash Shortages, Bank Closures
25.3.2020
In this roundup, we cover crypto regulatory developments amid the global crisis effected by the coronavirus outbreak, bank closures, interest rate cuts, and plunging stock markets. Through it all, governments worldwide are still focusing on cryptocurrency regulation, including the U.S., South...
US Cash Crisis: Withdrawal Limits Spark Bank Run Fear
18.3.2020
The entire world has been focused on the economy as the coronavirus outbreak has devastated global markets. While stocks, commodities, and barrels of oil plunge in value, there’s been considerable demand for cold hard cash in certain countries. According to reports, Wall Street’s elite...
Panic Withdrawals at Indian Bank Over Alarming KYC Notice
24.1.2020
Hundreds of customers went on a withdrawal spree after an Indian bank announced its revised KYC requirements. The bank’s action followed the decision by the Reserve Bank of India (RBI) to include the National Population Register letter as a valid KYC document for opening bank accounts....