.Binance’s CEO cz_binance has warned his staff to expect turbulent times ahead as the giant crypto exchange sees a wave of crypto outflows amid concerns about its financial health, according to an internal memo.
Binance Chief Executive Officer Changpeng"CZ" Zhao has warned his staff to expect turbulent times ahead as the giant crypto exchange sees a wave of crypto outflows amid concerns about its financial health, according to an internal memo.
crypto withdrawals worth more than $900 million early this week as users took direct custody of their coins in the wake of widespread criticism of the exchanges' audit report published last week.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Binance CEO Changpeng 'CZ' Zhao Warns Staff of Turbulent Times Ahead: Bloomberg'While we expect the next several months to be bumpy, we will get past this challenging period,' CZ said while assuring the organization is built to last.
Read more »
Binance temporarily halts withdrawals of stablecoin USDC as investor concerns mount after FTX collapseChangpeng Zhao, CEO of Binance, tweeted on Tuesday that the exchange is seeing an increase in withdrawals of USDC.
Read more »
Binance CEO CZ Says His Company Will 'Survive' Crypto WinterBinance CEO Changpeng Zhao has warned about 'tough months ahead' for industry while stressing that exchange would survive crypto winter
Read more »
Binance CEO says deposits are 'coming back in' but sees 'bumpy' road ahead for the crypto firmBinance CEO Changpeng Zhao on Wednesday said that the situation has 'stabilized' at his cryptocurrency exchange in a bid to assuage investors' fears.
Read more »