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TL;DR
Along with the CEO’s departure, Binance.US has additionally minimize over 100 positions (that’s a 3rd of its workers within the US!).
All of this has begun to spur the rumor mill as soon as once more, bringing the trustworthiness of Binance (the principle firm, not the US arm) and its CEO, Changpeng ‘CZ’ Zhao, into query.
In response, CZ has stated all the things goes simply advantageous, Binance has no liquidity points (i.e. it nonetheless has everyones cash), and remains to be launching new merchandise.
Full Story
Man, has anybody else seen the revolving door of CEOs at Binance.US (the US arm of Binance)?
First it was the departure of Catherine Coley, then Brian Brooks, and now Brian Shroder.
However wait, there’s extra!
Along with Shroder’s departure, Binance.US has additionally minimize over 100 positions (that’s a 3rd of its workers within the US!).
All of this has begun to spur the rumor mill as soon as once more, bringing the trustworthiness of Binance (the principle firm, not the US arm) and its CEO, Changpeng ‘CZ’ Zhao, into query.
In response, CZ has stated all the things goes simply advantageous, Binance has no liquidity points (i.e. it nonetheless has everyones cash), and remains to be launching new merchandise.
Who must you belief?
No concept ¯_(ツ)_/¯
That stated, if you wish to err on the facet of warning, it is perhaps value taking your crypto off Binance and chucking it in a self managed pockets.
(We’ve performed precisely that).
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