Binance CEO CZ Sent A Personal Mail To All Users Of The Exchange: Here’s What He Said!

Binance CEO Changpeng Zhao (CZ) reportedly sent a personal email reassuring individual customers about Binance’s future and solvency.

Binance CEO CZ Emails All Clients To End FUD Wave

CZ sent individual customers a personal email and said, “Binance is holding all of its customers’ crypto assets owned by the company. cryptocurrency amount in segregated accounts defined as separate from any account used to hold assets.”

In the latest step in Binance’s public relations campaign to combat the FUD resulting from the collapse of FTX, CZ addressed the management of customer wallets and funds between Binance and its retail customers.

Brian McGleenon from Yahoo Finance reports in the email that Binance keeps customer accounts separate and performs “daily reconciliation of all crypto assets held by Binance on behalf of its customers.”

As reported by McGleenon, CZ made the following statement on the matter:

“Binance holds all of its customers’ crypto assets in separate accounts that are defined as distinct from the accounts used to hold Binance-owned crypto-assets, and also uses Binance’s own wallet infrastructure to protect user assets and Binance’s own assets.”

Binance’s recent advertising campaign has now reached a personal level for individual customers. By private and personal email, individual customers will allegedly know that CZ and Binance are taking individual grievances seriously and considering the implications of wider action.

Binance wants to make sure its retail customers know that a new FTX scenario is imminent. This message may have been sent during the holiday season to allay the concerns of individual customers.

*Not investment advice.