© Reuters
Investing.com – Red flags continue to pile up for Binance… After doubts about its “proof of reserves” on Monday, reports of a possible money laundering indictment on Tuesday, and a temporary suspension of USDC withdrawals Yesterday, Binance CEO Changpeng “CZ” Zhao allegedly warned his employees of unruly times in the future, according to an internal memo seen by Bloomberg.
“While we expect the next few months to be bumpy, we’re going to get through this tough time – and we’ll be stronger for getting through it,” CZ reportedly wrote, according to the report.
Recall that Binance experienced a sharp increase in cryptocurrency withdrawals at the start of the week, users playing it safe in the face of criticism of the Mazars audit report published a week ago, several observers having raised gray areas in this report .
This doesn’t worry Binance’s boss, however, who wrote in a tweet on Wednesday that “FUD (fear, uncertainty, doubt) has brought a ‘stress test that helps build the credibility of exchanges that pass the test’:
Note that this also does not prevent BNB, the cryptocurrency of the Binance platform, from benefiting from the generalized rebound in cryptocurrencies, posting a rise of 2.58% to $274.50 at the time of writing this article.
Finally, remember that the CEO of Binance will speak today at 11:30 a.m. in a Twitter event (NYSE:) Space, during which he will undoubtedly receive many questions about the financial strength of the crypto platform that he leads :