world’s largest cryptocurrency stock market Binance He continues to face the news of FUD.
Finally, one of the most important financial media organizations in the USA, forbesexposed to the allegations.
Forbes reported $1.8 billion of Binance without informing its customers stablecoin He claimed to have transferred his collateral to other hedge funds and bankrupted Binance. FTX compared to the stock market.
Responding to these claims of Forbes Binance CEO Changpeng Zhao (CZ) He called these allegations “another FUD” and “baseless”.
CZ, who started by stating that he had to spend time on FUD news, argued that Forbes wrote another FUD article that deliberately misinterpreted the facts.
“I reluctantly waste time on FUD again (4). Forbes wrote another FUD article with many incriminating questions, negative spins, deliberately misinterpreting the facts. They referred to some old blockchain transactions made by our customers.
They don’t seem to understand the basics of how an exchange works. Our users are free to withdraw their assets at any time. Withdrawals are converted into “hundreds of millions of shifted collateral received.”
Our users also need to deposit with Binance before they can withdraw funds, which can be easily tracked on the blockchain. The article conveniently ignores deposit transactions.
The article attempts to categorize Binance and FTX together, including the article title selection.
But Binance stood the test of time when users safely withdrew billions of dollars in December.
Using a new zero-knowledge (ZK) approach (recommended by Vitalik), we have implemented proof-of-reserve protecting the security and privacy of our users.
Binance always keeps user funds 1:1.
I am deeply disappointed that Forbes continues to write false articles and loses its credibility.”
I am reluctantly spending time on FUD again (4). Forbes wrote another FUD article with lots of accusatory questions, with negative spins, intentionally misconstruing facts. They to some old blockchain transactions that our referred clients have done. 1/9
— CZ 🔶 Binance (@cz_binance) February 28, 2023
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price tracking right now by downloading our apps!