^TagBinance and FTX failure

Since the implosion of FTX, many have been watching cryptocurrency exchange Binance to see if it might be the next crypto firm to face a liquidity crunch. While the CEO of Binance, known in the crypto world as CZ (Changpeng Zhao), has assured investors and depositors that the firm is financially sound, many of its recent moves have left observers wondering if there is more to the story. The Audit that Wasn’t The first major red flag was the “audit.” Binance has long been criticized for failure to provide audited financial statements. Because it is not a public company, an audit is not a legal requirement. Nonetheless, many crypto watchers view the failure to have an external audit as evidence of concern Read More ›