Binance has published a lengthy statement in response to “recent media and community questions” regarding the company’s finances and operations in the wake of the collapse of rival crypto exchange FTX.

“FTX fell because it misappropriated user assets, and a healthy company will not be destroyed by a tweet,” read a translated version of the article posted to Binance’s Chinese blog.

In the article, titled “Facing FUD,” Binance hit back at allegations that its finances are a “black box,” raised in a recent Reuters article. The firm wrote that it “does not need” to disclose detailed information on its financial status since it isn’t a publicly traded company. Binance added that it is self-sufficient and “financially healthy,” with “no external financing needs and external investors, and no intention to go public at this stage.”

(by Andrew Throuvalas and Stephen Graves)