With so much drama happening in the web3 and cryptocurrency space, now Binance is the target of a lot of recent FUD. Binance is the largest centralized exchange in crypto BY FAR! Recently many accusations are being made leading people to believe Binance and CZ, the CEO of the exchange are in major trouble. Some are saying Binance may have solvency issues similar to FTX while others are claiming criminal charges for money laundering may be on the horizon. With the size and scope of Binance’s dominance on the crypto market, what will happen if any of these accusations come true? How damaging will that be to the overall industry. Or is this all just market paranoia because of the recent FTX debacle that has made investors weary of the entire space.
Disclaimer The views and opinions expressed by The Block Runner are for informational purposes only and do not constitute financial, investment, or other advice.
