The head of the Binance exchange, Changpeng Zhao, warned colleagues that the notorious crypto winter is not over yet and the coming months will not be easy. This is reported Bloomberg.
The message to employees reads as follows:
“By anticipating the turmoil in the coming months, we will get through this difficult period and will be stronger as we get through it.”
According to Zhao (CZ), the industry is experiencing a “historic moment”. At the same time, Binance’s financial strength is sufficient to “survive any crypto winter.”
CZ added that FTX’s recent collapse has created “many more revisions and tough questions” for the company he leads.
Recall, the net outflow of stablecoins from Binance per day reached $3 billion.
Experts previously interviewed by the WSJ embossed warning signs in the Mazars report on Binance’s bitcoin reserves.
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