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by xwolfi
1307 days ago
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It doesn't really: the problem is the exchanges dont store money in banks in the first place, they give it immediately to deltec to get USDT, then monkey around with it. Then ofc some of it is FDIC insured for a small amount, but they advertise it shadily to make you believe you're insured up to that amount. Even FTX got fined for their abusive use of FDIC marketing... |
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