Wednesday, October 4, 2023
Bitcoin - Altcoin News
No Result
View All Result
  • Login
No Result
View All Result
Bitcoin News
No Result
View All Result
Home News

CZ Issues Memo To Binance Staff Amid Heavy Withdrawal

news by news
December 14, 2022
in News
0
CZ Issues Memo To Binance Staff Amid Heavy Withdrawal
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter

READ ALSO

FTX Creditors Could Get Full Recovery From Anthropic’s New Funding

XRP Price Prediction As Judge Torres Rejects SEC’s Appeal Bid in Ripple Lawsuit

Changpeng Zhao, Binance CZ

Binance, the world’s largest crypto exchange is witnessing heavy withdrawals amid the broad market recovery. As per the data provided by Nansen, Around $3 billion has been withdrawn by the investors from the exchange in the last 24 hours. However, Binance Chief, CZ has issued a memo among the office staff amid this uncertainty.

Can Binance Survive Crypto Winter?

Reports suggest that the Binance CZ issued a warning to his staff that the exchange might see tough months ahead. Meanwhile, he added that the firms will overcome the current placed challenges. It is reported as the CZ’s calm attempt to inform his colleagues about the company’s financial health.

As per the memo, Binance CZ stated that the crypto industry is passing through a historic moment. However, he asserted that Binance is financially strong and will make it through any crypto winter.

He added that the next several months can be bumpy but Binance will get past this. However, Binance CZ mentioned that FTX’s recent horrible collapse is the main reason behind these conditions. While this has also brought in a lot of extra scrutiny and tough questions on the crypto exchange.

Binance CZ in the end wrote that “Rest assured, this organization was built to last.”

However, the FTX collapse has led to a massive collapse of the crypto market. The cumulative market cap has dropped under the crucial $1 trillion mark.

The post CZ Issues Memo To Binance Staff Amid Heavy Withdrawal appeared first on CoinGape.

Related Posts

24/7 Cryptocurrency News

FTX Creditors Could Get Full Recovery From Anthropic’s New Funding

October 4, 2023
24/7 Cryptocurrency News

XRP Price Prediction As Judge Torres Rejects SEC’s Appeal Bid in Ripple Lawsuit

October 4, 2023
24/7 Cryptocurrency News

Kraken Data Shows Huge Bitcoin Influx; BTC Price To Breach $30K Soon?

October 4, 2023
24/7 Cryptocurrency News

FTX’s $500 Million Bet on Anthropic Pays Off Amid Google’s Interest

October 4, 2023
24/7 Cryptocurrency News

Ripple Secures An MPI License In Singapore, Here’s Why It Matters

October 4, 2023
24/7 Cryptocurrency News

OpenSea Studio Goes Live for Creators to Easily Launch and Manage NFT Projects

October 4, 2023
Next Post
CFTC Reveals Alameda Had “Speed” Advantage On FTX

CFTC Reveals Alameda Had “Speed” Advantage On FTX

POPULAR NEWS

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

December 7, 2022
Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

December 7, 2022
Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

December 17, 2022
Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

December 7, 2022
Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

February 28, 2023

EDITOR'S PICK

Crypto News: Testnet Coin Deemed Worthless Soars By 165% Before Crashing

Crypto News: Testnet Coin Deemed Worthless Soars By 165% Before Crashing

February 26, 2023
Just-In: Do Kwon Hunt Concluded? South Korean Authorities Reach Serbia

Just-In: Do Kwon Hunt Concluded? South Korean Authorities Reach Serbia

February 7, 2023

Will Binance Objects US SEC Motion To Seal Docs? Pro-XRP Attorney Deaton Weighs In

September 11, 2023
Just-In: Ethereum Shanghai Upgrade May Suffer Delay As Developers Found Issues

Just-In: Ethereum Shanghai Upgrade May Suffer Delay As Developers Found Issues

February 17, 2023
Bitcoin - Altcoin News

© 2022 coingger.com

Navigate Site

  • Europe
  • Exchange
  • Elon Musk
  • ETH Price
  • crypto Tax U.S.
  • CZ
  • Crypto Miners
  • BTC Price
  • ChatGPT
  • China crypto
  • Coingecko
  • Binance Smart Chain
  • Bitcoin $100K
  • Airdrop

Follow Us

No Result
View All Result
  • Homepages
    • Home Page 1

© 2022 coingger.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In