Zhao Changpeng responds to recent controversies: Binance has no liquidity issues, all customer funds are safe

2023-09-08 08:12:04

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ChainCatcher message, Binance CEO Changpeng Zhao stated on social media that he has recently seen a lot of negative news or rumors in the community, such as bank runs, lawsuits, closure of fiat channels, product shutdowns, employee turnover, and market exits.

Binance has no liquidity issues; all deposits and withdrawals are being handled properly, and all customer funds are safe and 100% guaranteed.

At the same time, many positive things are happening at Binance, such as winning lawsuits, managing bank runs and recording deposits, new fiat channels, the exit of old products and the launch of new products, new employees, and new markets. The turnover rate of Binance's founding team may be the lowest among tech startups of similar scale in the world. Binance is committed to building the crypto ecosystem.

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