• 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