Binance CEO Remains Unfazed by Negative News Amid Executives Resigning

By Demian Crypter Sep 8, 2023106Views

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Binance CEO, Changpeng ‘CZ’ Zhao, addressed the recent wave of negative news and rumors surrounding the cryptocurrency exchange on Twitter. He dismissed reports of bank runs, lawsuits, employee turnover, and other issues as “FUD” (Fear, Uncertainty, and Doubt). Despite the departure of several top executives, CZ argued that the exchange’s founders have remained committed and that Binance has one of the lowest turnover rates in the industry. He also assured users that Binance has no liquidity issues and that all customer funds are safe and properly managed. CZ mentioned the phasing out of Binance’s BUSD stablecoin and highlighted positive developments such as the launch of new products, court victories, and the handling of a bank run. Binance is currently facing investigations from various regulators worldwide, including the SEC and the CFTC in the US.

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Demian Crypter

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