Maybe CZs attempt to take down a competitor by leaking information wasn’t a good idea after all. Sad to see people hurt as it backfires in his face. No amount of public relations or spin will save binance at this point. The run has begun. It will seem slow at first and then all at once.
The only thing that would save it would be a bail out by the Chinese government.
As CZ has said repeatedly, they’re not a Chinese company. If the CCP bails them out, they’ll have an entirely new set of reputation problems.
Probably won’t be a public bailout.
Frankly, taking a crypto exec at their word has not been a smart move lately.
i just checked this and i'm still verified. i'm in europe though.
First up, best dressed
I'm also still verified. But I also pulled out all my assets. I don't believe Binance to be on the brink of bankruptcy, but better safe than sorry.