The Monerun Anniversary

Welcome back to the Monerun! It's been a helluva run the past year, and we've seen every reason to withdraw our coins from exchanges.

While this is true for all coins, we celebrate April 18th as not only Monero's birthday, but also the moment in 2022 where we proved that most exchanges were fractionally reserved on XMR, when they failed to meet demand.

This kicked off a 9 month saga where most exchanges vacillated between open/closed withdraws, yet always being open for XMR deposits. Typically for hours each day, but sometimes 1 or more days in a row. The most egregious being August 2022, where Binance completely froze withdraws for nearly 10 days straight.

As of the past few months, we've seen significantly improved behavior, with very few shutdowns. Perhaps they grew weary of the bad press. Or perhaps the persistent DDoS against darknets reduced demand. There's even the conspiracy theory that CZ is making a backup plan in the face of the recent lawsuit by the CFTC.

But at any rate, as the adage goes, the Tree of Liberty must be watered from time to time. So we invite everyone to celebrate with us, and remind exchanges that just because Monero offers an obfuscated ledger, does not give them an excuse to misrepresent the state of their reserves!

Join us on April 18th, withdraw your XMR from the exchange, and add it to your self custody sovereign stack of private untraceable digital money.