id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
www-coalexander-com-9779		Binance’s Insurance Fund			.html	text/html	4008	219	67	Had Binance's futures platform continued to operate normally, professional traders could have realised very substantial gains on positions where counterparties had been liquidated, and these gains should have been financed from Binance's insurance fund. As Adam Samson and Joshua Oliver explain in their 27 July FT article about Binance on 19 May, those using leverage found positions automatically liquidated as the crypto price drop wiped out all the collateral in their margin accounts before they could transfer extra funds onto the exchanges. This blog post examines another side of the story – the actual value of Binance's insurance fund and its ability to meet the potential pay-outs on 19 May, had the platform not been closed. I no longer believe the figures that Binance shows on its website for its insurance funds, nor their liquidation reports, and I maintain that a figure of only 3 million USDT for the BTC/ETH insurance fund pay-out on May 19 is grossly inconsistent with the actual number of liquidations on BTC and ETH products on that day.	./cache/www-coalexander-com-9779.html	./txt/www-coalexander-com-9779.txt