Quote from: MusaMohamed on Today at 02:56:39 AM

$12B gone in less than 60 days. The outflow till end of February is bigger, that report was published in January.

Binance was capable to handle those user withdrawals in the past two months and it is not a small capital flow out of Binance. They did not fall into insolvent crisis like FTX but Reminder: do not keep your money in online accounts

Trust or don't trust Binance, the reminder is important as "not your keys, not your bitcoins[/url]. If people let Binance and CZ hold your keys, you don't have your bitcoins.

I agree that centralized exchanges are risky as we have learnt many times in the past. But if I had to choose which exchange to trust, Binance would still be on the list of favored exchanges. CZ is present everywhere, he doesn't hide, he can visit any country as he is not legally prosecuted anywhere.

I also never had the feeling that he is the same type of person as the FTX guy. It can always be a facade of course, but he has met his obligations for his customers at any time as far as I know. That might not matter to everyone, but CZ is 46 years of age. You are more grown up at that age. That still doesn't mean automatically that you can handle billions responsibly, but Sam Bankman-Fried became a billionaire within a year or so in his mid twenties. I think that's a bit more complicated. There is no time for your personality to really adjust to the new circumstances. Zuckerberg was young when he turned a billionaire, but he was running facebook for over three years by then, had a network of investors who could influence him and there are more limitations to using your own assets / shares for a gamble.