Changpeng Zhao (CZ), CEO of Binance, the world’s highest-volume cryptocurrency exchange, described the multibillion-dollar wave of withdrawals as just a minor stress test.
Changpeng Zhao on December 14 via his official social media account. in his postyesterday’s wave of redemption disinformation news (FUD) brought to test the stock markets. stress test defined as. Who left Binance in the last 24 hours billions of dollars argued that it was unimportant to the company.
Net exits of blockchain analytics firms from the cryptocurrency exchange in the last 24 hours yesterday. $1.4 billion in the crypto money markets after they gave the news that they had reached a brief rush of panic started to miss. Knowing that many unsuccessful cryptocurrency exchanges have failed during heavy withdrawals, cryptocurrency investors anxiously awaited whether Binance would be one of those exchanges.
However, company CEO CZ, 7 billion of outputs dollars and net outflows 3.8 billion despite the dollar everything is fine stated that. CZ used the following statements on the subject:
Things seem to have stabilized. What we experienced yesterday wasn’t the worst for us, it wasn’t even in the top 5 worst. During the bankruptcy of LUNA and FTX, we covered much larger redemptions. Now we see the withdrawn deposits coming back.
Also, the CEO made a prediction that he didn’t explain what it was about. AES-256-ECB method and reported that it will be seen whether it is correct in a year or two. However, to decrypt key code message for not sharing could not be resolved.
