How does Binance CZ respond to the reports about reserves?

3 answers

• Mar 19, 2022 · 3 years ago
  As the CEO of Binance, CZ has publicly addressed the reports about reserves. He stated that Binance has always been transparent about their reserves and follows strict auditing procedures. CZ emphasized that the reports are baseless and aimed at spreading FUD (Fear, Uncertainty, and Doubt) in the market. He assured users that Binance has more than enough reserves to cover all customer funds and encouraged them to ignore the false claims.
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• Mar 19, 2022 · 3 years ago
  Binance CZ responded to the reports about reserves by publishing a detailed blog post on their official website. In the post, they provided a comprehensive explanation of their reserve management practices and highlighted their commitment to maintaining a high level of transparency. Binance CZ also mentioned that they regularly engage with independent auditors to ensure the accuracy and security of their reserves. They urged users to rely on verified information from official sources rather than rumors or unverified reports.
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• Mar 19, 2022 · 3 years ago
  According to a statement from BYDFi, a digital asset exchange, Binance CZ has promptly addressed the reports about reserves. They conducted an internal investigation and found no evidence to support the claims made in the reports. Binance CZ reassured users that their funds are safe and secure on the platform. They emphasized their commitment to maintaining the highest standards of security and transparency in the industry.
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