CZ responds to Binance liquidity and employee turnover concerns
Binance CEO Changpeng “CZ” Zhao has dismissed recent rumors, asserting the firm’s financial and employee stability despite market uncertainty. In a recent communication disseminated via X (formerly known as Twitter) on Sept. 7, CZ vehemently refuted the negative publicity that has been shadowing Binance, attributing it to a concoction of adverse news, bank runs, legal actions, and the cessation of fiat channels, among other factors. These elements, he noted, have fostered a climate of fear, uncertainty, and doubt (FUD) in the crypto community. 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 Addressing the financial stability of Binance, CZ stated that the company is not grappling with liquidity i...