The head of Binance, Changpeng Zhao, assured over 40,000 Twitter Spaces members that the funds, held on the crypto exchange, are not in danger, and the collapse of FTX will not affect anything.
He also noted that if all assets are withdrawn from the crypto-exchange, this will not hit the company much, because it has "additional activities, generating income".
The top manager said that the reports of the external auditor with all the information adjacent to them will become available soon.
Our business is very light, Binance operates without debt and venture capital investments. In addition, the crypto exchange does not reduce the assets of clients from the outside.Changpeng Zhao
Representatives of the exchange report that assets from user savings products will not be used for margin activity. The current risk management work ensures that assets do not leave the site.
Also, you can see the rating of Top 5 CEX crypto exchanges.
