Binance withholds 100 reserves on every single coin.
CZ stated cryptocurrency firms should never touch users’ funds.
The world’s largest cryptocurrency exchange Binance CEO Changpeng Zhao ‘CZ’, sat down for a round of questions. CZ answered anything from how to buy a cool Binance sweatshirt to the FTX collapse in an interview video that was released on Binance’s Twitter account on December 27.
The CEO of Binance stated candid answers in a video that, so far this year, the crypto exchange has entered 33 new countries. Binance offers its service in over 140 countries with more than $120 million registered users.
What will CZ do if Binance goes Bankruptcy?
According to CZ, despite the condition of the market, if all users decide to withdraw their funds at the same time, Binance is ready to file for bankruptcy. He added that it would be completely fine and Binance has more than 100 reserves on every single coin.
Further, in a bankruptcy situation, the Binance trust wall
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