binance BNB/USD CEO Zhao Changpeng The ongoing “crypto winter” is still underway and the coming months could be difficult, he said.
According to Bloomberg, Zhao said in an internal memo to Binance employees, “We expect the next few months to be bumpy, but we will get through this difficult time.
Zhao, known as “CZ” in the crypto industry, said Binance is now subject to “a lot of scrutiny and tough questions” following the demise of prominent rival cryptocurrency exchange FTX. FTT/USD.
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Sam Bankman-FriedFounder and former CEO of FTX.
He is currently in custody at the Bahamas Department of Corrections after being denied bail.
Concerns over Binance liquidity troubles
A record number of Bitcoin and Ether withdrawals occurred on Binance on Tuesday amid growing concerns over the liquidity of centralized exchanges.
USD coin withdrawal USD/USD Although temporarily frozen due to the leak, Zhao largely ignored concerns about the exchange’s liquidity problems.
The U.S. Department of Justice is considering criminal charges against cryptocurrency exchange Binance and certain individuals associated with the company, including Zhao.
Prosecutors are divided on whether to pursue the case vigorously or wait for further evidence, according to Reuters.
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