CZ Addresses Recent Binance Speculation and said there are No Liquidity Issues
In light of recent rumors, Binance’s founder and CEO Changpeng Zhao issued a statement.
Binance CEO Changpeng Zhao released a message on Twitter in response to recent claims made against the platform.
There were rumors on several social media pages that Binance was having trouble processing withdrawals due to regulatory issues. This was blamed on the departure of high-ranking executives from the organization.
CZ acknowledged the community’s opinions about the firm and said that he was aware of the fact that when they do the right things, someone begins spreading FUD. Furthermore, he said that there is no need for further explanation since the crypto community has already provided an adequate response.
According to Changpeng Zhao, there are no liquidity issues, despite widespread speculation to the contrary. He insisted that the money is safe and sound and that all investment and withdrawal operations are happening normally.
Zhao responded to the criticism by highlighting the company’s successes in court, the fact that it had successfully processed big withdrawal transactions, the introduction of additional fiat money channels, and the release of new products.
When asked about the current uptick in executive departures, he said that, across industries, Binance is likely to have the lowest resignation rate among its founding team.