Billions of Dollars Missing from US Banks, CryptoQuant CEO Reacts

• The Economist recently shared a piece of news that hundreds of billions of dollars are missing from American Banks.
• Binance CEO CZ retweeted the news to which CryptoQuant CEO Ki Young Ju responded.
• Ju stated that he wouldn’t be surprised if any names were mentioned, except for the ones that don’t use client funds or have proof of reserves.

The Economist recently shared a news piece that reveals that hundreds of billions of dollars are missing from American banks. Binance CEO Changpeng Zhao shared the news on Twitter. CryptoQuant CEO Ki Young Ju couldn’t keep calm as he replied to the tweet, sharing his thoughts.

_____ are missing $ _____ of client funds.

No surprises if you insert any other name here, except for the ones that do not use client funds or have Proof-of-Reserves.

— Ki Young Ju (@ki_young_ju) March 23, 2023

Ki commented on the tweet, asking people to call out the banks from which the client funds are missing. He also stated that he wouldn’t be surprised if they inserted the name of any bank, except for the ones that don’t use client funds or have proof of reserves.

CryptoQuant’s CEO has been quite vocal against banks amidst the bank runs…

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