Binance founder Changpeng Zhao tweets nine reasons behind Binance FUD.
Investors and users are criticizing the exchange’s most recent reports and withdrawals.
Zhao claims generalization and unawareness about CEXs, alongside corrupt media, is a big cause for the FUD.
On December 24, the leading cryptocurrency exchange, Binance’s founder and CEO, Changpeng Zhao tweeted nine non-exhaustive reasons why people FUD about Binance. Investors and users have been encouraging FUD about Binance’s financial stability due to recent proof-of-reserves and withdrawals.
Why do people FUD about @Binance? A few (non-exhaustive) reasons. Thread 1/98
— CZ Binance (@cz_binance) December 23, 2022