Hey Binance is in real trouble now.
Binance native coin BNB has fallen by 11.5% in 24 hours and 19.5% in the past week. BNB Proof of reserve audit has failed, resulting in withdrawal on the exchange crossed over $3 billion creating a possible Binance FUD.
BinanceCoin slumps hard as the Binance FUD intensifies with more platforms displaying their concerns over the reserves of the platform
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Is another exchange collapse on its way?
It's not yet on the way to be collapse. I meant the price was bumping again as statement that was coming from binance exchange site itself. The main problem is there are so many FUDs in the market to attack binance after FTX incident. Even some garbage press was using old news to repeat the same scenario again. I do believe if now binance is quite stable. I think that you shall not try to think impact from FUD will be stay for long term.
The impact from FUD will be gone as long as binance has proven what they have been saying on the statement. It seems like that whole of crypto market was going down agian.