Changpeng “CZ” Zhao told staff and anybody else who would listen that even $3.7 billion in withdrawals wouldn’t sink their ship.
Wednesday, Zhao said they had already seen the money “flowing back” and that the withdrawals was “very normal market behavior.”“While we expect the next several months to be bumpy, we will get past this challenging period – and we’ll be stronger for having been through it,” he said in his letter to staff.
With the collapse of FTX and the end to Sam Bankman-Fried’s reign in the crypto sphere, there’s only two big exchanges left that are big enough to really matter, that being Coinbase and—still theBinance was in the thick of things when FTX had finally reached the point of no return. Zhao had originally announced a tentative agreement to
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Outflows soar at crypto exchange Binance, but CEO says it's 'business as usual'Binance, the crypto exchange formerly rivaled by bankrupt FTX, has seen $3 billion in withdrawals in the past 24 hours. FTX founder Sam Bankman-Fried was arrested in the Bahamas and charged with securities fraud in the U.S.
Read more »
Binance CEO says deposits returning to exchangeDeposits are returning and 'things seem to have stabilised' at Binance, its chief executive said on Wednesday, a day after it had a sharp increase in withdrawals and paused some stablecoin transactions.
Read more »
Binance CEO CZ Says His Company Will 'Survive' Crypto WinterBinance CEO Changpeng Zhao has warned about 'tough months ahead' for industry while stressing that exchange would survive crypto winter
Read more »
Binance Will Delist MITH, TRIBE, REP and BTCST on 2022-12-22 | Binance SupportThis is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, At Binance, we periodically review each digital asset we list to ensur...
Read more »
Binance CEO Changpeng 'CZ' Zhao Warns Staff of Turbulent Times Ahead: Bloomberg'While we expect the next several months to be bumpy, we will get past this challenging period,' CZ said while assuring the organization is built to last.
Read more »