Binance CEO Changpeng Zhao defended the cryptocurrency exchange during an interview with CNBC’s Squawk Box, assuring that the exchange was financially sound.
The CEO added that the exchange does not owe anyone money and has never misused or co-mingled client funds that it handles.
Binance On Solid Ground
Binance CEO Changpeng Zhao made an appearance on CNBC’s Squawk Box and spoke at length about FTX, audits, the recent withdrawals on the exchange, and the $2.1 billion SBF buyout. He was also grilled about the recent pause in withdrawals, an unexpected move by the cryptocurrency exchange as it faced a surge in withdrawals, and about the exchange’s solvency.
Binance had temporarily halted withdrawals of the USDC stablecoin because of inadequate USDC reserves on the platform. Zhao stated that the problem was nothing major and was related to a New York bank the exchange uses to swap its Paxos-issued BUSD stablecoin into USDC, which was shut at the time. As a result, withdrawa
We współpracy z: https://cryptodaily.co.uk/2022/12/changpeng-zhao-defends-binance-during-cnbc-appearance
