Binance CEO Changpeng Zhao has responded to a torrent of fear, uncertainty, and doubt (FUD) following increased withdrawals from the exchange.
On Dec. 14, Changpeng Zhao stated that the recent spate of exchange withdrawals was “not even in the top five.” We processed more withdrawals during the Luna crash and FTX collapse, he said.
In an effort to quell investor jitters, the Binance boss added that things had stabilized now. “Deposits are coming back in,” he said, quashing all concerns of a run on the exchange.
Binance Crypto Exodus
бери FTX кыйрашы in early November, crypto investors have been moving assets off centralized exchanges.
There was a spike in Binance withdrawals on Dec. 13, instigating a wave of FUD over whether the exchange was next to fall.
Even Bloomberg reported that $2 billion had been taken off the exchange. However, figures could be more than $5 billion. Either way, Binance appears to have shrugged off the exodus, with Changpeng Zhao claiming it is “business as usual.”
Source: https://beincrypto.com/nothing-see-here-binance-boss-dispels-exchange-withdrawals-fud/