As much as this information seems wrong or misleading, as much as we cannot verify its authenticity from an independent third party, no one knows how many employees are working in the Binance Exchange to believe that more than 1000+ employees have been fired, and we can suddenly wake up to discover that Binance has turned into FTX Nothing but we know nothing about them except CZ.

However, the advice remains true, even if it was not said by CZ, any platform that grants high APYs is questionable, as they may rely on hot money to manage their profits and attract investors, which means you may suddenly lose all your deposits.