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Binance

 Binance is leading the charge now. They're the main crypto titan left in the industry. They're publically releasing their proof of reserves, which takes all of the wallets that they have and, shows us how much they owe. This is a proof of reserve system. And it can't be faked. If you have missing funds, it's going to be tracked. It's all on there and recorded.

Binance is also creating a customer support fund, or a rescue fund, for the entire industry. They've put in $2 billion total now and they say APTOS and JUMP have also joined in now to save crypto. A lot of people are speculating this could go into the Genesis liquidity issue. And, remember, Genesis is not necessarily a lost funds issue. Maybe they lost some funds in FTX, but when they need to give funds back, they lent funds. What is important to note is that they have collateral, there are “stuck” crypto assets there. Maybe the collateral is staked in Ethereum. Maybe it's locked into a pool in DeFi. There are things in there that they just can't get. Maybe it's a lockup for a project. But they're not going to be using that as collateral to borrow a ton of other stuff. So it's not as bad as it was in FTX. But if it's just liquidity, then Binance could easily step in and save them. And then obviously, crypto would bounce back up because it's pricing in the bankruptcy. Crypto is coming back this week.

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