What are the reports about Binance's reserves that CZ slams?

3 answers

• AuhmirzaOct 09, 2020 · 5 years ago
  The reports that CZ slams are related to allegations that Binance does not have sufficient reserves to cover its customers' funds. These reports claim that Binance has been engaging in risky practices and may not have the necessary funds to honor withdrawal requests. However, it is important to note that Binance has repeatedly denied these allegations and has stated that it maintains a robust reserve system to ensure the safety of its users' funds. It is always advisable to conduct thorough research and due diligence before making any judgments based on such reports.
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• Julia KolomietsMar 01, 2025 · 5 months ago
  CZ, the CEO of Binance, has criticized reports that suggest Binance does not have enough reserves. He has emphasized that Binance takes the security of its users' funds very seriously and has implemented strict measures to ensure the safety of customer assets. CZ has stated that Binance maintains a healthy reserve system and regularly undergoes audits to verify its holdings. It is important to consider multiple sources of information and conduct independent research to form a well-rounded understanding of the situation.
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• NURUL AFIA ABD. MAJIDFeb 18, 2022 · 3 years ago
  As an expert in the field, I can provide some insights into the reports about Binance's reserves. It is crucial to approach such reports with caution and skepticism, as the cryptocurrency industry is often subject to rumors and misinformation. While it is important to stay informed about the latest developments, it is equally important to verify the credibility of the sources and cross-reference information. Binance, like other reputable exchanges, understands the significance of maintaining sufficient reserves to ensure the security and stability of its platform. However, it is always advisable to exercise caution and conduct thorough research before making any investment decisions.
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