Binance CEO Changpeng Zhao ( C.Z.) denied the increasing rumors against the stock market and stated that the activities were improving.
C.Z., in recent times FUD He said that despite the ‘s, the crypto industry has made a big profit. Suppressing the rumors against the stock market and emphasizing that the company’s balance sheet is good despite the market uncertainty, CZ stated that there are no problems for the employees.
Saw some debates in the community. When you do the right thing, and there is FUD, you don't have to do anything. The community defends you.
Let me summarize. There have been a lot of negative news/rumors, bank runs, lawsuits, closing of fiat channels, product wind downs,…
— CZ 🔶 Binance (@cz_binance) September 7, 2023
“No liquidity issues, these are FUD!
In a post published on X on September 7, the Binance boss attributed negative news, rumors, liquidity issues, and employee departures as creating a FUD environment. In addition to these, CZ also evaluated the financial situation of the stock exchange and said:
“Guess what we don’t have? There is no liquidity problem. All withdrawals and deposits are processed properly. All client funds are SAFU and 100 percent segregated. Do not pay attention to negative news, rumors, various verbal attacks on the stock market, liquidity problems and job departures. The crypto sector is very active and reacts quickly. Employee turnover is inherent in this industry.
