Crypto community members discuss bank run on Binance Within th | CryptoExplorer ✪

Crypto community members discuss bank run on Binance
Within the past 24 hours, cryptocurrency exchange Binance has seen outflows of over $1.14 billion due to rising FUD within the crypto ecosystem. According to Binance CEO Changpeng “CZ” Zhao, the exchange has seen this before, and he believes “it is a good idea to ‘stress test withdrawals’ on each CEX [centralized exchange] on a rotating basis”. This comes a month after CZ triggered a bank run on FTX, which led to liquidity issues and its eventual collapse. Read more