is Binance going to survive this or would this be the end of Binance even after naming a new CEO, since the news surfaced online, people has been repeatedly taking out their funds from the exchange with the fear of the exchange crashing. So what's going to be the impact of this tragedy on Binance??
We cannot be sure what will be the outcome of Binance in the long run and also what is the future of the BNB token (the native token of Binance).
However, if we see, the impact of this news on the overall crypto market is not so bearish. Bitcoin didn't dump much and as of this writing; it is again recovering and trading near 36300$. Since people know that we have some major upcoming bitcoin developments including the bitcoin ETF and the Halving, no one is willing to sell their crypto holding on this Binance CZ news.
The news is more relevant to the CZ, as the money laundering charges are on him and he stepped down as a CEO, for the present I do not think there is anything to be worried about the Binance platform itself.