Quote from: Churchillvv on November 21, 2023, 11:30:23 PM

I'm still in shock that he accepted such crime but my concern is what will be the effects of this resignation on Bitcoin and the crypto space at large.

He is just a big name in the crypto space, and such news can just add a little effect on the price of coins, which could be as a result of people making large withdrawals from the exchange to play safe and some panic sellers. The only coins you should be worried about, if need be, should be BNB and TWT (trust wallet token), which are the two major coins or tokens owned by the exchange. For crypto at large, it will definitely survive.

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I'm even afraid that there could be some hackers in this exchange from now cause CZ really tries to keep people's assets very safe.

CZ is good at what he does, but he is not the only one protecting the exchange from hacks; he has trained and professional developers who are also doing the job there for them. Things might be a little different, but they will have to keep the exchange together. He is just stepping down, but that does not mean he won't have a share of the exchange revenue. As such, he could also forward some security tips and suggestions to them.

Quote from: jrrsparkles on Today at 03:05:53 AM

This won't be a problem at all for Binance because their revenue generation per year will be around 20 Billion so they can clear the penalty even before the due date.

Any source link to this?
I know the exchange is a big one and there is a lot of revenue from it, but 20 billion annually in revenue is really a big amount, and I doubt they make up to such an amount legally on a year basis.