Binance FUD Continues With “Eye-Popping” Withdrawals -CZ Not Worried

Jassimran Singh

14 December 2022

Binance Allegedly Faces Liquidation Issues

Bitcoin and BUSD stablecoin withdrawals surged on Binance, making the latter a prime candidate for crisis.

Social media exploded with crypto experts spreading the “FUD” and urging all to withdraw funds immediately.

Binance withdrawals continue

Binance FUD spread quickly, as another large address, currently unknown, withdrew nearly $100 million BUSD from the exchange.

Additionally, former founding CEO at BrightScope & Digital Assets Data Mike Alfred chimed in and urged everyone to remove funds from Binance.

CZ Does Not See the Problem, or Does He?

CZ does not think the FUD has any solid ground to stand on.

CZ says he's not worried, but rather "annoyed" by the Binance FUD.

Meanwhile, CZ does not think the FUD has any solid ground to stand on.

Binance chief also added that the withdrawals are manageable and not a threat to the exchange’s liquidity, in other words, “business as usual.”