Binance CEO Changpeng Zhao, also known as CZ, has addressed concerns raised by recent negative headlines surrounding the cryptocurrency exchange. Despite facing legal challenges from the SEC and CFTC, as well as reported departures of top executives, CZ reassured the community that everything is under control. He emphasized that when you do the right thing, the community will defend you against false information and fear, and highlighted the absence of liquidity issues and the proper handling of withdrawals and deposits. CZ also mentioned Binance’s success in court cases, the handling of bank runs, the introduction of new fiat channels, the smooth transition from old to new products, new hires, and new markets. He expressed his belief that Binance has the lowest turnover rate among tech startups of its size and age. Binance and BNB supporters welcomed CZ’s statement, while others remained skeptical.
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