Less than two weeks into 2023, Binance CEO Changpeng Zhao (CZ) has been tested on his New Year’s resolution to “ignore” FUD, fake news, and attacks.
Intense pressure after the FTX debacle
Binance CEO Zhao Changpeng (CZ) It has the magic number “4” to deal with public criticism leveled at the world’s largest cryptocurrency exchange in 2023.
The number 4 represents one of CZ’s New Year’s resolutions tweeted on January 2nd. Ignore FUD, fake news, attacks, etc. “
As the public spotlight intensified on Binance following the epic demise of Sam Bankman-Fried’s FTX/Alameda Empire and the sudden downfall of a former media darling, the solution has been tested.
We strive to keep 2023 simple. Spend more time doing less. rule rule.
1. Education
2. Compliance
3. Products and Services4. Ignore FUD, fake news, attacks, etc.
I would appreciate it if you could link to this post when you tweet “4” in the future. 🙏
— CZ🔶 Binance (@cz_binance) January 2, 2023
CZ is sticking with his resolution for now, amid reports that Binance has lost more value than before and the exchange has not kept up with the rebalancing of the Binance peg BUSD token, which has been wrapped in the past. It seems that
More FUD coming in. Ignore!
Four
— CZ🔶 Binance (@cz_binance) January 10, 2023
Binance itself responded to the BUSD article, stating that the “timing mismatch” issue was identified and resolved last year.
On the other hand, Paxos, another issuer of the ERC-20 actual BUSD coin, insists that its coin is highly regulated and always backed 1:1, as well as wrapped products such as Binance-Peg BUSD. Published a Twitter thread highlighting that they have not published a version that is outdated. , which is backed by her ERC-20 BUSD from Paxos.
1/ ERC20 BUSD issued by Paxos is the largest regulated stablecoin on the market. Always one-to-one support, providing the highest level of transparency and oversight.
— Paxos (@PaxosGlobal) January 10, 2023
Again, CZ may have cheated a bit on its anti-FUD commitments, citing a tweet from a Binance supporter dismissing reports of loss of value on Binance, adding: 📷📷”
At the Davos conference in Switzerland, CZ struck a much more positive tone. According to reports, Binance told the audience that he hopes to increase the number of employees from 3,000 to 8,000 in 2022 and expand another 15% to 30% in 2023.
What is Binance:
Binance has established itself as the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a suite of financial instruments including the largest digital asset exchange by volume. Aiming to enhance users’ financial freedom, the Binance platform offers a comprehensive range of cryptocurrency products and services, including trading and finance, education, data and research, social benefits, investment and incubation, decentralization, and infrastructure solutions. has a strong portfolio.
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