Is Binance in Trouble, or Is the Internet Just Being Dramatic?

TL;DR

• Along with the CEO’s departure, Binance.US has additionally reduce over 100 positions (that’s a 3rd of its employees within the US!).

• All of this has begun to spur the rumor mill as soon as once more, bringing the trustworthiness of Binance (the primary firm, not the US arm) and its CEO, Changpeng ‘CZ’ Zhao, into query.

• In response, CZ has mentioned all the things goes simply nice, Binance has no liquidity points (i.e. it nonetheless has everyones cash), and continues 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 reduce over 100 positions (that’s a 3rd of its employees within the US!).

All of this has begun to spur the rumor mill as soon as once more, bringing the trustworthiness of Binance (the primary firm, not the US arm) and its CEO, Changpeng ‘CZ’ Zhao, into query.

In response, CZ has mentioned all the things goes simply nice, Binance has no liquidity points (i.e. it nonetheless has everyones cash), and continues to be launching new merchandise.

Who do you have to belief?

No thought ¯_(ツ)_/¯

That mentioned, if you wish to err on the aspect of warning, it is perhaps value taking your crypto off Binance and chucking it in a self managed pockets.

(We’ve performed precisely that).