Lots of FUD spreading about Binance being close to insolvent and the SEC/US gov’t coming after CZ and company.
But they’re still kicking and no issues with the withdrawal volume.
Any Binance fans out there?
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Hard to say. They’re not a public company so they don’t have to file publicly. Their reserves are a mystery.
The company and entity structure and arrangement are also a mystery. But… they’re still alive.
It’s really hard to say where this goes.
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Hiya @BillyBobPimpton
What about the Kraken exchange, please? Will they get bankrupt like FTX, please? Shall I withdraw the assets from these crypto exchanges, please? Is it safe to keep assets on these Binance exchanges and Kraken exchanges, please?
Tnx and best of luck
Some news. They are shutting down their Japanese operations and they’ve cut 30% of their staff. Approx 1100. Lack of trading volume across all their markets, but Japan trading volume must be exceptionally low.
I do think the US operations are okay. Given these recent developments, we’ll need to see if any other operations are wound down.
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