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Crypto Dwell Information
Binance, the cryptocurrency trade, is refunding customers $1 million price of Tether after it prevented them from redeeming their stakes within the CyberConnect (CYBER) token earlier this month. The issue arose when a liquidity crunch in Korea began affecting the token, prompting arbitrageurs to borrow from Binance and stopping customers from redeeming their stakes, which had been borrowed as much as the mortgage restrict. Transferring ahead, Binance will apply larger rates of interest to discourage lending in periods of excessive token volatility.
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