Binance CEO has penned a letter to the community looking back at the events of 2022 and what the new year and the future might hold.

There is no doubt that crypto exchanges are in trouble now. It is no surprise that FUD is rising. Will Binance be the only one to go through the storm safely? Lately, we did some observations that could be considered red flags for the exchange.

CZ listed several groups who might be FUD about Binance, including people who lose money on trading, industry competitors, media, policy makers, racists, or people who simply hate CEX.

Binance has released a blog post dispelling seven instances of FUD, including one that its financial details are a ‘black box.’

Sam Bankman-Fried (SBF), the disgraced founder and former CEO of bankrupt FTX, has continued to blame Changpeng Zhao (CZ), of Binance, for the downfall of FTX despite reports that confirm SBF mismanaged users’ funds.

Binance is conducting a token swap of BUSD to USDC due to a massive increase in withdrawals for the latter.

Temporary restrictions came after the statement

Binance has intercepted some of the cryptocurrencies stolen from Ankr Protocol in what appears to be a multi-million dollar hack.

Top cryptocurrency exchange Binance, in a recent announcement, unveiled the Merkle tree Proof of Reserves (PoR) system.

Binance CEO Changpeng Zhao (CZ) says India is currently not a viable business environment for his cryptocurrency exchange, citing a strict tax regime.