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CZ: FUD is an understandable and normal market behavior. At present, the flow of funds on the Binance platform has reversed to a net inflow

December 14, 2022
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Binance founder CZ expressed his views on the recent Binance-related FUD issues in the market in CZ AMA: Although the collapse of FTX has brought fear to users, it does not mean that all trading platforms have problems.

Customers want to withdraw money from Binance now, so they can withdraw it, and they can come back to participate in the transaction again at any time, which is the freedom of the user. Binance has sufficient cash reserves, and all user assets are backed by reserves 1:1.

At present, we have seen that funds are flowing back into Binance, so I think this FUD is just a normal behavior in the market, and Binance, as a market participant, has the responsibility to maintain stability.

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