Changpeng Zhao (CZ), founder and CEO of Binance, recently answered questions from the community and reviewed the upcoming 2022. CZ first specifically clarified that he was definitely not Satoshi Nakamoto. He revealed that he had visited 33 countries and local regulatory agencies in the past year.

CZ also stated that Binance will not go bankrupt even if all users initiate withdrawals at the same time. Each cryptocurrency of Binance has more than 100% reserves, so users can withdraw cash anytime and anywhere.​

When talking about how to avoid risks similar to FTX, CZ said that Binance must first ensure that it does not fall into the situation of FTX. Anyone who transfers billions of dollars of user funds cannot conduct risk control. Never touch users’ things and keep Be open and transparent and don’t take shortcuts.