"FUD brought "stress test", which in turn helps to build the credibility for exchanges that passes the test," Zhao tweeted on Wednesday, using an acronym for "fear, uncertainty and doubt" often used in crypto in relation to news perceived as negative. Nansen CEO Alex Svanevik told CNBC that the reporting had lead to "concern in the market" with investors staying cautious and withdrawing crypto from exchanges. anti-money laundering laws and sanctions, Reuters reported on Monday, sparking a 4% drop in Binance's own BNB token. Department of Justice prosecutors are delaying the conclusion of a long-running criminal investigation focused on Binance's compliance with U.S. Eric PIERMONT / AFP) (Photo by ERIC PIERMONT/AFP via Getty Images Binance CEO and founder Changpeng Zhao doesnt 'really care much. The exchange is also facing legal pressures. Jun 23, 2022, 9:32 AM PDT Binance CEO Changpeng Zhao. We aim to play a role in bringing social media and Web3. "User assets at Binance are all backed 1:1 and Binance's capital structure is debt free," a spokesperson said. We're excited to be able to help Elon realize a new vision for Twitter, Binance Founder and CEO Changpeng Zhao said in a statement.
How crypto exchanges such as Binance and its now-bankrupt former rival FTX handle customer deposits has come under close scrutiny from users, regulators and policymakers.īinance said on Tuesday it always had "more than enough funds" to meet withdrawal requests. Binance did not immediately respond to a request for comment. On May 31, Colin Wu of the Wu Blockchain Twitter account stated multiple sources had confirmed Binance was planning to lay off staff.
Binance Changpeng Zhao is the chief executive and founder of Binance, one of the largest crypto. Binance has seen net inflows in the last 24 hours of tokens on the ethereum blockchain totalling around $718 million, Nansen told Reuters. Binance CEO Changpeng Zhao (CZ) played down the significance of recent company layoffs saying, Another day, another FUD. Vicky Ge Huang May 3, 2021, 10:33 AM PDT Changpeng Zhao is the chief executive of Binance.
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