Nouriel Roubini Says Binance Is Worse Than FTX - Coinleaks
Current Date:September 17, 2024

Nouriel Roubini Says Binance Is Worse Than FTX

Bitcoin critic Nouriel Roubini said that Binance is no different from FTX, but much more dubious.

Professor of economics at New York University, because he correctly predicted the financial crisis of 2008-2009, “Dr. It is known as “Doom”.

Nouriel Roubini Targets Binance

Speaking on Twitter, Roubini said he believes Binance is much more dubious than FTX.

Roubini, who has previously targeted Binance CEO CZ, said that BNB is as dubious as FTT and therefore considers the asset a potentially dangerous investment.

Dr. Doom said that 87% of BNB is contained in a single wallet, questioning who controls these assets.

Nouriel Roubini also stated that he does not believe in the proof of reserve system that Binance has recently introduced, which allows exchanges to display their reserves transparently. The economist thinks it’s just another gimmick.

Roubini continued to target the cryptocurrency industry as well. According to him, the crypto industry is nothing more than a “corrupt gamble” that has caused more than 100 million people to lose money.