> as the crypto exchange battles to avert *a crisis of confidence.* We used to c... | Hacker News

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		AceJohnny2 on Dec 17, 2022 \| parent \| context \| favorite \| on: Binance outflows hit $6B as Mazars halts ‘proof of... > as the crypto exchange battles to avert a crisis of confidence. We used to call those a "bank run".

koonsolo on Dec 18, 2022 [–]

No, a bank run is the consequence of fractional reserve system. Crypto exchanges should have 100% of their crypto covered by assets.

AceJohnny2 on Dec 18, 2022 | [–]

> should have

lol

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