Beware of Binance. They are possibly involved in a scam. Binance recently posted suspicious Proof-Of-Reserves from some "auditor", but there is a 0% chance that any auditor would require Binance to transfer $2B in funds to prove their holdings. CZ, the CEO of Binance, is possibly lying to everyone and it is likely that Binance will crumble, just like other companies such as FTX, BlockFi, GrayScale, and Celsius. Additionally, they quickly deleted the "proof" from their site. Be cautious when dealing with Binance.
It has been suggested that Binance won't go bankrupt because if it did, it would be detrimental to the recovery of the cryptocurrency market. However, this reasoning is flawed. Binance is a more obvious fraud than even FTX, and it's not a question of if they will fail, but when. This is the typical mentality of those who are overly enthusiastic about cryptocurrency ("moon boys."). It's important to be cautious when dealing with Binance
It has been suggested that Binance won't go bankrupt because if it did, it would be detrimental to the recovery of the cryptocurrency market. However, this reasoning is flawed. Binance is a more obvious fraud than even FTX, and it's not a question of if they will fail, but when. This is the typical mentality of those who are overly enthusiastic about cryptocurrency ("moon boys."). It's important to be cautious when dealing with Binance

Last edited by a moderator: