TechFlow news, September 8 — Binance founder CZ posted on social media stating that he has noticed some debates within the community. When you've done the right thing and there's FUD around, you don't need to do anything—your community will defend you. Let me summarize. Recently, there have been many negative news items and rumors: bank runs, lawsuits, fiat channel closures, product reductions, staff turnover, market exits, etc.
Binance does not have any liquidity issues. All withdrawals (and deposits) are being processed smoothly. All user funds are safe and 100% properly safeguarded.
Binance’s current status: winning lawsuits, handling bank runs while recording deposits, launching new fiat channels, phasing out old products while rolling out new ones, hiring new employees, and expanding into new markets. Binance also likely has one of the lowest turnover rates among founding teams of tech startups of similar scale and age worldwide.
