Binance experienced a historic day and stress test yesterday after several rumors and FUD surfaced. As Bitcoinist reported yesterday, most of it was indeed FUD while the Proof of Reserves is raising some question marks.
But how does it look a day later? Did the FUD leave any damage in its wake? In an internal memo to his staff, Binance CEO Changpeng Zhao reportedly warned of “tough months ahead,” as Bloomberg reports.
In reference to the sharp increase in withdrawals from the exchange, CZ said that the company will overcome the current challenges and that Binance is in a strong financial position and will “survive.”
(By Jake Simmons)
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