Quote from: Zlantann on Today at 10:56:23 PM

Quote from: blockman on Today at 10:03:50 PM

Binance is centralized and that's why many are starting to panic when there's bad news about them. What if before the bad news Binance starts to halt withdrawals? Well, that's the real thing but so far, this is just to make a FUD and if the thing is real, Binance will handle it for sure.
Everyone is starting to learn their lesson that no exchange is safe whether it's the most popular and populous exchange, they can't avoid any FUD that will be spread against them.

The recent audit on Binance carried out Mazars also added to the loss of confidence by investors. Mazars couldn't vouch for Binance's reserves and the methodology used in carryout the auditing was not revealed. Customers are beginning to loose trust in this exchange company because they feel Binance is covering up or hiding some of its financial standings. Yes the company has declared that it financially is sound and it has proved over the years to be a pathfinder in the cryptocurrency exchange market but that was the same news we heard before the collapse of FTX. For them to build back the trust clients have in them, there financial standings should be open and not shredded in secrecy. Lets hope that Binance would overcome this this big challenge.

That's an important matter that CZ has brought and having his exchange audited and the auditing firm itself can't vouch for them really sounds awful.
I think that they'll be able to overcome it. As long as you've got billions of assets that you can liquidate at any moment and sell for cash and then use it to clean your reputation, that's possible.
They're a big company and talking about good reputation, that's what CZ wants for his ventures.