Market question: Binance insolvent in 2023?
Category: Crypto
Tags: insolvency, binance, future predictions, finance, Crypto, All

This market will resolve to "Yes" if it is announced by December 31, 2023, 11:59 PM ET that Binance.com is insolvent or is filing/has filed for any variety of bankruptcy.

This market will also resolve to "Yes" if Binance.com withdrawals for BTC and/or ETH are suspended for a majority of users for at least 7 full days (168 hours) in a row by December 31, 2023, 11:59 PM ET. 

If neither of the above criteria are met, this market will resolve to "No".

This market only concerns Binance.com. Binance.us is not considered for this market.

Binance.com withdrawals being suspended for a majority of users means that a majority of users are unable to withdraw their BTC and/or ETH from Binance (E.g. If a majority of users are unable to withdraw their ETH from Binance, it will satisfy the condition.)

If Binance.com suspends withdrawals on a day in the last week of December (e.g. They halt token withdrawals on December 30, 2023, 4 PM ET), this market will not resolve until either: 1) withdrawals are reenabled before 7 full days (168 hours) pass, resulting in a "No" resolution; 2) 7 full days pass (December 30, 2023 - January 6, 2024, 4 PM ET) where withdrawals are suspended, resulting in a "Yes" resolution.

The primary resolution source for this settlement criterion will be official information released by Binance, official representatives of Binance (e.g. lawyers, spokespeople, etc.), and a consensus of credible reporting.


Outcome: No