Binance Built a Blockchain, Except it Didn’t

For all its claims of promoting decentralization, Binance runs two “blockchains” that are not just highly centralized, but regularly alter history, undermining one of the core tenets of the blockchain — immutability.

Patrick Tan
ChainArgos
Published in
15 min readJan 2

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We do too. (Photo by Kayla Velasquez on Unsplash)

‘Twas the night before…

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Patrick Tan
ChainArgos

General Counsel for ChainArgos, a blockchain analytics company made famous for breaking the story that BUSD was unbacked periodically, and CEO for Novum Alpha.