Binance withdrawals problems are back. And a friendly reminder that Monero withdrawals are still closed for HTX and Poloniex after > 2 months.

Plenty of things going on in the space behind closed doors. As we see the price cartel consisting of HTX, Poloniex, Binance and OKX at the core that suppressed Monero prices for nearly 5 years is falling apart.

OKX already delisted Monero resulting in a little price dip. At the same time HTX and Poloniex are insolvent reporting gigantic fake volumes with a none existant order book. Justin's FDT (fiat derivative token) TrueUSD has been depegged for 3 weeks counting.

The last man standing is Binance, but they are entering a new wave of withdrawal problems themselves. Since this was such a huge problem in 2021and 2022 the Monero community created this tracker: https://moneroj.net/withdrawals/

Binance is married to Monero. They had the upper hand for around 4 years but since around 1 year, Monero stopped behaving in the intended way and is now forcing Binance hands. Binance on one hand needs to delist Monero as soon as possible, but on the other can not do it because liabilities would force it straight into publicly known insolvency. They were the first to start the fractional reserve scheme. And while those others could potentially use Binance liquidity (while Binance still tries to keep prices down) this is not an option for Binance as they have been the control center of the cartel.

There is one recommendation: Stay as far away of any CEXs in the next couple of weeks as you can and stack your Monero self-custodialy.

This is a final warning.