All the Dump occur because of the SEC because they launch enforcement action against Paxos, the issuer of BUSD. Paxos says that it will vigorously defend itself, and the issue is going to court. But as per the CZ's recent tweet, "Ignore FUD, fake news, attacks, etc." it is clear that both BNB and BUSD will recover the price soon.
All the small investors and Newbies are advised to take extra care because if something bad happens then they won't be able to get their investment back and it will be the same case as LUNA and FTX as they were also considered Stablecoins like BUSD.
And since CZ has confirmed via twitter to ignore FUD, fake news so at least the BUSD holders as well as BNB can be quite calm regarding the recent events, and I see it as just an attack on the existence of Binance which is quite heavily involved in the crypto world , but I agree that all those who own BUSD and BNB must be careful and actually this also applies to all altcoins because anything is possible
I think it is expected of him to say something like that. I trusted him before he said anything, I have not sold any of my busd nor my bnb so far and wouldn't have sold any even if he said nothing. And if there is a person out there who was scared of all of this before CZ said anything, why would him saying his own company is doing fine would suddenly make them feel calmer?
What was the expectation, him saying that things are not alright and they are bankrupting? Of course not, you tell everyone everything is good no matter what the situation is, but I believe that this was just FUD and some people who dislike binance spread it.