Unless the world's leading cryptocurrency exchange improves its corporate communication, it's essentially undermining itself with FUD.
The company is already confronted with a lawsuit filed by the Commodity Futures Trading Commission.
After Sun transferred $56 million in TUSD to Binance, CEO Changpeng Zhao tweeted about it 'Binance Launchpool are meant as air drops for our retail users, not just for a few whales,'
Crypto Twitter personality @cobie sent out an encrypted message that reportedly read: Interpol Red Notice for CZ, referring to Binance's CEO. Although it was just a rumor, the message caused market jitters after someone managed to decipher it.
Based on an independent investigation, Binance's security team found two people who may have been behind the theft of $265,000 worth of virtual currency on KyberSwap.
Even before the introduction of Binance in 2017, the Binance founder described several personal and business-related problems he faced from the Chinese authorities.
Changpeng Zhao, CEO of Binance, has emphasized the value of market liquidity in response to requests for segregated order books from a number of nations.
According to Changpeng Zhao, the crypto exchange is hiring compliance personnel in China.