Odaily Planet Daily News CZ responded to Forbes' report, saying that many of Forbes' accusatory questions were negative and deliberately misrepresented the facts. They mentioned some old blockchain transactions completed by our customers. They don't seem to understand the basics of how exchanges work. Our users can freely withdraw their assets at any time. Their withdrawals turned into "receiving hundreds of millions of transferred collateral." Our users must also deposit on Binance before they can withdraw, which is also easy to track on the blockchain. The article conveniently ignores deposit transactions. The article seeks to lump Binance and FTX into the same category, including the choice of article titles. Binance is different. Binance has stood the test of time, and users safely withdrew billions of dollars in December. We implemented proof of reserves using the new zero-knowledge (ZK) method (suggested by Vitalik) to protect the security and privacy of our users. Binance always holds user funds at a 1:1 ratio. Forbes continues to write unfounded articles and loses its credibility.