Bitcoin Forum

CZ’s interview today seemed as though it was an admission of guilt that Binance does not have customer funds available to meet the needs of their customers. Just another FTX situation, but Binance had more liquidity to try and stay afloat. Tokens are now coming out and saying that Binance made them put up 200K BNB tokens they couldn’t withdraw in order to obtain a listing. Suddenly the cat is out of the bag. Binance is naked and BNB is worthless as a stand-alone token. This may just be my opinion, what do you think?

I’ll be surprised if Binance isn’t below $100 in 90 days…

My takeaway from this… The more BTC people withdraw from exchanges, the higher the price of BTC will go.

No, I don't think it will go bankrupt, the BNB liquidity and the liquidity of Binance are two different things are not quite as related. So, the platform will remain strong as per my openion.

I don't think it will go bankrupt as well, CZ should be more intelligent than this. He already has first hand experience on the collapse of Terra Luna and then FTX, he should have better knowledge on how not let his Binance or BNB fall apart.

I'd say that this is more of a FUD, not defending CZ here, but the worst part is that there are traders and investors who says that the price could go as low as $12k. I don't think that will be the case here and CZ will survived this FUD.

Binance is too big to go bankrupt. I trust CZ and binance, they proven the biggest and safest exchange since 2017, nothing to doubt with it.

But i really hoping BNB coin can going down as low as it can, even under $100 or $10 so i can buy it with all of my money.

Hopefully below than that, so i can buy more as much as i can.

I also believe that binance will not go bankrupt easily, not because they are too big to fail but because what they have done and proven in the market over the years is enough to show that they really have a reputation in the market. 

In my opinion, recent Fuds are just revenge of those who failed, and they are looking to sabotage binance and nothing more.

About BNB falling, I would take that as an opportunity rather than a sign of the demise of the CZ empire. BNB is one of the coins with a relatively modest drop compared to other altcoins on the market, so I am still expecting it to fall even more with the negative news about binance this time.

Binance assets is consolidated on there own tokens same with FTX. BNB fall means they will less liquidity that will sustain in there exchange. Binance has a lot of investors and project listing contract in BNB tokens. They can go bankrupt if people will dump BNB and withdraw all asset on Binance at the same time since they will have no liquidity available to sustain the exchange orderbooks.

This is same with FTX issue if you are not aware or blind on CZ charisma. The only difference was the attack might came from the US government as retaliation to what he did on FTX. Also banks might get involved too since they are the number 1 company that will get benefits when Binance fall.

What about Mt. Gox, FTX, and Luna (only to name a few) though Luna isn't really an exchange but it was a coin, still all three are large enough and yet they are able to go zero. I think the bigger the thing was, the harder it will fall but of course that is if they did something wrong. It is still possible to correct a mistake as long as it wasn't intentional.

You are too brave because instead of worrying and panicking once BNB coin dips hard, you will actually buy loads of it. Did the same thing happened when luna collapsed? If yes then I think you have some regrets because it didn't recovered anymore. Before buying, it's better to check the news if the drop is still normal or not.

Please learn about those case first before compare it with binance. Mt.gox which they "claimed" got hacked, FTX, which using their customer's money, and Luna, which crashed because of they deppeged with UST and as the result for recovery they choose to minted LUNA coin with total crazy speed and amount and resulted the price dropped so much.

Lol it's not brave. I've BNB investment since 2017, and they are the biggest crypto exchange site now. I never invested on LUNA before so idk about that coin, (doesn't affected with my investment). This all only FUD, let see when BNB reached $1000 later

Yes and of course another FUD it seems? Binance has a good reputation for how many years now and it goes even higher in the past years , though there are rough time recently but we can see the recovery and it stabled now .
so Nope Zero for binance? bankruptcy ? this is impossible to happen.

Whether Binance will go bankrupt or will still running their business, we will know it later. Until that time, we can use the exchange for our benefit and leave it when we see Binance can not maintain its reputation and many investors and traders leave Binance.

But so far, I still use Binance for trading, staking, and investment and that still works for me. I will keep an eye for the next update from Binance and see what will happen later. And we need to be wise to act following the current situation.

Kevin Oleary is after binance CEO, he wants a payback for what the binance did to FTX I believe the FUD won't be over any time sooner but the exchange will win unless if CZ is corrupted too.

See I don't want to rely on any human when it comes to money, they are the least of beings you can trust, I am not saying CZ is not clean but who knows? Judy make sure you don't keep money on any exchange big or small.

It's all a FUD, not when Binance already got this big that they'll get scrutinize over, I'd say they have been but not this huge right now. The price of BNB will matter here and it may fall but to say it will go bankrupt is likely a farfetched speculation. The best advice is to put your crypto on your own wallet by now, that's the trend and it's your friend.

What are you basing this on? If people withdraw their btc it would just remove liquidity, and if they managed to crash exchanges by withdrawing their assets, btc would obviously go down with the trust on the markets. And yes, while one bitcoin = one bitcoin meme would apply but that doesn't help if we don't want to get back to bitcoin stone ages.

And with a place like binance going down we would lose ton of institutional investors with it. And let's face it, we need institutions if we want to be taken seriously. If not, it's back to 2010 for us.

I listened to that AMA and CZ seems to be sure of what the future of binance will be, it is far from going bankrupt as you have described.
Binance is too solid and established to fail just because some people want it to. All this FUD keeps confirming the reason why btc or crypto will never take over fiat, and also give reasons for the government to push hard on regulation, ftx genuinely fucked with investors' money, they should take responsibility and stop fuding everywhere.

throughout CZ's journey in the crypto world he has brought crypto forward, I am very grateful to him. although now there is a riot news that is not good, but I'm sure CZ definitely has a way out. the founder of binance has influenced the crypto world important people to deliver what is in the crypto world, and on the other hand maybe everyone already knows one of the biggest crypto altcoin influencers is CZ, and many people don't like it. as is happening FUD continues to attack binance. behind the bad FTX makes CZ take over to undermine his bad intentions. very hard to bankrupt binance exchange

lots of fud about binance and i'm sure that won't happen, but still keep in mind that holding bitcoins or altcoins should be kept in a personal wallet don't store them on exchanges because it can be problematic like FTX , so best to withdraw all your bitcoins or atlcoins from exchanges and deposit them in wallet well ok it will be better , Btw I am a BNB holder so I don't worry about anything on binance , Funds are #safu  ;D

That is for sure.

Lesser btc in the circulation but increasing the demand. That's the way to go but if there is ever a greater thing on this one, it is that people are learning from the situation that the market has went.

Withdrawing money from exchanges in groups are really hitting them hard and this is the reason that these businesses even if they're reputable shouldn't be confident and only relying to their customers.

They should really have that back up fund and reserve just like a typical finance business.

We're gonna experience a massive market crash and what we have come across is the beginning for the same. We can see a big list of negative FUD happening around the market. This will make some panic waves around the common investors and some could leave the market. The same will be taken advantage by the Whales who are hard believers of the market than anyone else.

All centralized platforms are the same as you have rightly said, even though Binance has claimed to be the biggest cryptocurrency exchange globally when it comes to the issue of liquidation no exchange is bigger than that to be able to survive when there is a massive request for liquidation from investors, BNB seems to have a very solid foundation that could sustain its value on the exchange since BNB is the native coin and the utility coin for paying fees on the binance network.

All those attributes can not stop binance from going bankruptcy if their witnessed massive attacks from the government or an institution as a clamp down and retaliation attack on Binance.

I think Binance won't be going bankrupt. But BNB economics may damage their exchange in future. CZ encouraged BNB use for years but in background we know BNB is pretty much centralized ecosystem and it's never gonna be future of crypto. If BNB existed as standalone entity everyone knows that it wouldn't be 3rd important coin ever. So it will lose strength, it will damage Binance's finances in future I am sure. But FUD is unnecessary. Binance is great exchange.

I voted for Nothing. FUD.

I think CZ has get over this FUD, just started when some company do audits and stuff post in the internet and then others took the bandwagon and spin it. And if I'm not mistaken, that tweet or report has been deleted already by the company because probably they know they created a lot of fuss about it and not good for the market.

So for me it won't crash, Binance will remain the top exchange because they still gain the trust of everyone here in the market.

And I don't know, CZ has this personality that everyone loves, just saying.

Although, the next in the hot seat is Binance/BNB. I don't see it go close with FTX, I might be bias as I use Binance but I know that every exchange can have its downfall.
But so far, with the current situation that it can, they've allowed all the withdrawals to be processed without any issue just after that FUD has been in the community.
So, I think that it's still going to recovery no matter what FUD has been given unlike the FTT and other exit scam tokens, they're unlikely to recover.

I feel that Binance is being targeted by the government and trying to find excuses to bring it down Binance. And if Binance falls, it will also make BNB fall and lose the trust of its investors. Anything can happen, especially in crypto, because there is no certainty that one exchange or project will operate forever. We can only be careful and always look for the latest information on hot topics so we can still decide. If Binance eventually crashes, it could create panic in other markets because, as a large exchange, Binance must survive and defend itself properly. Well, we'll see what happens.

Well you know , lot of people who losing their money on FTX are blaming CZ because of him, they lose their savings/money which they deposited on FTX. Can't deny that, but if CZ not tweet about want to sell their FTT, FTX will be take more victims and more money will get scammed by them. Cz stopped it and told us, but it affected lot of people's investment on FTX. That's why binance being targeted now, lot of FUDs, even recent total $10billion withdrawal from binance as people afraid if Binance would ended up like FTX

I think these people are just blaming the wrong dude. Would it make a difference if CZ doesn't tweet and they deal it internally but made the same outcome that FTX wouldn't be acquired or Binance won't lend anything? I think that will be more confusing to the investors, FTX was just hanging by a thread if we never knew it from CZ or others that exposed it. It's bound to happen, guess lot of huge names are investors on FTX too and just want create FUD to bring down Binance, including O'Leary.

If Binance can prove it can solve this problem, Binance will grow bigger and people will go back to using Binance as normal. This was a tough task for CZ, but CZ could handle it since he already had experience. Or it could be a cycle of top exchange turnover, as in the coin listings on the market. In the past, Bittrex and Poloniex were strong exchanges. Still, after Binance appeared, Bittrex and Poloniex slowly lost their popularity because the whales moved to Binance, even though Bittrex and Poloniex have survived until now.

Everything bis possible. Ftx was also big exchange and ftx crash in very little time. If Binance bankrupt it will be very bad for whole crypto and there will be massive crash in all coins. Bnb will be not crash alone but it will crash many coins which available in only bnb smart chain.

I think this is some kind of a FUD. Partners and friends of the scammer Bankman-Fried are probably trying their best to drag down Binance as well. CZ already saw what happened on LUNA and FTX earlier so he will be extra meticulous. Although I believe that Binance also used its depositor's funds but it is not as big as FTX. Binance after the incidents is making sure to do its best in restoring clients' deposits.

I'm not going to vote for the poll above and I'm not going to have much to say about this.
for sure we don't know what will happen to binance after so many FUD have attacked binance.
if indeed binance is able to survive against this FUD, he will continue to be successful.
but if he fails against this FUD, I think he will.

but speculation or predictions like this are not necessarily true and are only a sign to prefer a decentralized coin like bitcoin.

Yeah, i also observed a lot of peoples blaming CZ for this situation of FTX exchange, especially who guys are lost their money by holding FTT tokens. But i don’t think Binance will be collapse such FTX because people’s trust with CZ and Binance is huge reputed and the top crypto exchange from the last few years, So i never expect binance will go bankrupt or something like that.

I don't think BNB will cause Binance to bankrupt, but when Binance bankrupt BNB will 100% become a dead coin similar like FTT token from FTX. Most people don't care with decentralization, security, privacy and verifiable, so that's why centralized coins are still have huge marketcap. So BNB woudn't crash if Binance is still alive and doesn't have any big problem.

Yes! It looks like as CZ has overcome the crisis he was facing during the past weeks and now he is moving on to acquire some new project, Voyager assets for 1 Billion dollar, as reported in the media. Binance is unlikely to crash because it is cash rich company and its team is doing immense innovative work to keep its native token BNB in demand. I can not say with surety but, probably BNB will be one of the TOP three coins on coinmarketcap, in the next bull run.


https://www.cnbc.com/2022/12/19/binance-to-acquire-voyager-assets-weeks-after-ftx-deal-fell-through-bankruptcy.htmlteam

I voted for the first option. Maybe it's a bit of wishful thinking, but at the moment I don't see any big indication that Binance is in trouble. It is normal that after recent events in the crypto world, fears and suspicion among exchange users have increased significantly. Maybe in the long run it will have positive effects, because keeping funds on exchanges and other services will always be risky. Returning to Binance, they react calmly to all recent allegations and, in my opinion, respond rationally. I do not rule out that attacks on Binance from various sides will continue and this may have a negative impact on the value of BNB, but I hope that the exchange will survive without major problems. I believe that the collapse or insolvency of Binance would be an incomparably greater blow to the cryptocurrency world than the case with FTX and would slow down the development of this market by several years.

Recently I was having a friendly discussion with a friend of mine and he mentioned something like this also, and I tried to get some facts from him on the difference between BNB and Binance since both are owned and operated by the same person, I think whatever affects binance will also affect BNB as a centralized company, even though the developers may say that both Binance and BNB liquidities are different. Binance exchange/binance chain is both integrated into the same network and as a matter of fact, BNB is the utility token for fees on the binance chain which interface with the binance exchange, and other chains so in the case of crisis I think logically their both fall under the same umbrella which is binance. Am not saying for certain that what I am saying is correct and I may be the wrong Binance is a big company and they have experience and the best developers and strategy to keep them in the market a for long.

Binance has been hit by so many FUDs lately that any fear is already perceived as the beginning of collapse, although in fact it could be quite different. All this talk about the collapse of BNB and the bankruptcy of Binance may be just speculation to get people to sell BNB as much as possible, thereby lowering its price short-term so that large holders can buy the asset at an undervalued price.

if there's truth to this FUD, maybe, we are seeing BNB to decline fast already. however, the decline is owed to being bearish season. it may go down just like other alt markets, but it is stronger than most alts. so once the market recovers, high likely that it will go up again. this is why it is understandable that a lot voted for the first option - which is nothing, just fud. the binance foundation for me is strong, and i don't think CZ will just let this platform crumbles for nothing.

This will be a big challenge of Binance to stay alive after what happened to other exchange, Binance seems pretty solid though so I can’t imagine them filing for a bankruptcy, this could be another tragedy if ever. I understand the current Fud against them but I think they are also prepared for this and as we can see, BNB didn’t dump that much despite of so make fake news against Binance, that can tell something and prove their strong market exposure.

For me, BNB and the Binance Exchange is a really big players in cryptocurrency right now.
But if we will separate BNB and Binance Exchange, it's all good. As long Binance Exchange will stay, BNB will not crash, because I believe the BNB is powered by Binance Exchange plus their smart contract platform which is Binance Smart Chain.
I am more worried on Binance Exchange.

honestly I think BNB is better compared to other similar coins, it has the big community, there are still quite many nft games that still quite famous running in bsc meaning bnb still have a lot demands, I think it will never crash, binance is also doing quite good enough to keep their credibility with all the confirmations coming from binance itself, I doubt it's gonna be crashing.

Each of us has our own preferences. For you maybe BNB is the best altcoin but for others it was Ethereum. For now there are no signs that these projects can crash because they are still strong but we don't know in the future. Before it happens, it's always better to be prepared. Would it be better to not put all your coins in one basket but let's make it a habit to diversify.

The disadvantage I can think of in BNB is that it is associated with a crypto exchange called Binance. we know that exchanges are a hot topic right now. There are fuds spreading, and what if many are going to be affected with it? It will easily affect BNB but not ETH and other projects because they are simply just a coin.

BNB is definitely a lot better because people are aware that it's a lower transaction fee, even when ETH is so much low right now. It's a long term idea, even if we see ETH being cheaper one day, it doesn't mean it will stay that way and fundamentally it won't be possible for it to be lower for a long term ever.

This means if you build your project on top of BNB, even during the highest peak bull periods, we are going to see BNB being like 1-2 dollars at most and nothing more. This of course comes with some disadvantage which is the fact that ETH is decentralized whereas BNB is centralized and that's the issue. I believe that ETH still worths it because of being decentralized.

the day you will see binance going bankrupt is the day you gonna lose your trust in these exchanges, honestly binance is better than the other I couldn't see it collapsing before the other collapses first.
I think therefore binance will hardly ever going bankrupt unless they messed up really bad in their reserve fund management but seeing they have tremendous reserve fund I could hardly see it going bankrupt someday in the future.

The poll results are so important and very much what we like to see. Everyone knew that there is a problem with the news itself and not Binance, because we all know how strong Binance was and all of this was a FUD and we knew that nothing would happen.

However, there was still a few problems going wrong and I believe that it shouldn't have gone this way, unfortunately there was nothing that stopped it and that's why we are facing this problem, the media will say whatever they want to say to decide what the narrative will be and put people into that discussion. If you say "binance is not having a trouble" you are already speaking about this, and that's what media wants.

That’s true this is worst and we should not let this to happen because Binance dominates the market and if they go bankrupt, the whole market will collapse. What happen to the FUD on Binance now? i think its slowly dying and Binance manage to ignore it without affecting its value. Binance should increase more their security and of course their reserve funds to give assurance to every investors that they are safe with Binance.

There’s no FUD anymore with Binance, probably they are convinced that they can’t hurt Binance that much and realize that it is more established than what they are thinking. Binance proves to be the best CEX and they know their role in cryptomarket, if something bad to happen with Binance that can affect the market and maybe that can make this bear market worst as many will start to panic again.

binance will never go bankrupt, even with all these fuds it still strong and unwavered, binance is like strong company that does everything to make the company even stronger, even right now their valuation is already tremendously high, moreover binance is quite carefuly with their investment funds, I don't see binance just throwing money at any project that seems promising unlike certain platform, I think for now until next decades binance is  still quite good exchange relatively safe enough from bankruptcy, even though their BNB might always have the chance of losing its value quite literally anytime, I think everyone should treat binance and bnb as different entity even though it has utilities within the exchange itself.

It is true that they are 2 different entities but created by the same company, if the parent company collapses none of them will survive. I also have faith in the solidity of Binance and it will be even stronger after the past Fuds. But you should not declare that it will never go bankrupt, that is not true because even bitcoin we cannot claim that it will never die. Do not put too much trust in 3rd parties, always have a backup plan when using them, anything can happen.

binance is rich peoples exchange i think also it’s big traders  exchange i mean those are whole in crypto.
if i will separate bnb is nothing without binance exchange,
everyone's trust binance exchange as a number one crypto exchange, bnb future is depend on their exchange.

How many the so called top exchanges should go down for people to understand that you cannot really trust these centralized exchanges. Binance right now have all the leverages and might be calling the shots, FTX and SBF were doing that for a short period and everyone was seeing him as a savior that was rescuing all the bankrupt companies and we all know what happened. How do you really know CZ is not messing things up, the exchange was hacked in the past and millions lost for the exchange.

Many people believe there is 2 big dump in this year + before halving just like cycle before, at this point btc still strong, only really bad news like binance & usdt fit these categories, and macroeconomic began sign of recovery. QT still run at 95b per month till end of 2024, but doesnt meant fed gonna doing their plan accordingly. For me only 10% fund left for exchange, but yeah macro & these bad news left user fund outside exchange, good for whale accumulation

Looking at the poll results shows clearly no one wishes for the bankruptcy of Binance because hate them or love them they are in some way ambassadors of the crypto ecosystem and we need more of these for btc and other altcoins to succeed... Binance might have their short comings in some areas but they are a key player in all this, and besides if they go down now.. it leaves everyone with trust issues with these exchanges and it will be difficult to connect fiat and crypto on a large scale which Binance manages to do.

So many supporting activities going on with Bnb, token burns, binance still the biggest exchange,among the most popular and transaction fees are low so many reasons keeping Bnb relevant if you ask me.

In a way this is true as most of Bitcoins potential is being held by these altcoins

Currently I don't think Binance would passed through these process as FTX does, the exchange is known to be a global leading exchange and for that is a strong and solid trading platform.
I can't even imagine seeing bnb going that low to an extent of being just $100, but have you also forgotten that they have their own blockchain where lots of funds are being generated via transaction fees and many more?

I really understand that CZ is indeed rumored to be the mastermind behind the collapse of FTX, and of course it will make Binance also be affected,
but I think CZ has gone beyond this news and until now CZ is really working fully and brushing aside the nonsense from the news,
I myself am not worried about BNB going bankrupt, because that's impossible if you look at the current performance of CZ now.

Recently, Binance has taken a step forward compared to other exchanges, they are ramping up recruitment and preparing to expand into countries they have yet to go to. Meanwhile, exchanges like coinbase or Huobi are laying off employees due to financial difficulties caused by bear season. This is enough to show how big of a growth and sustainability CZ brings to Binance. No one can guarantee that Binance will last forever, but with these little Fuds, taking down Binance is impossible.

If CZ wasn't intelligent, his company wouldn't last this long in a changeable Crypto market. we have seen many exchanges rise up then fall rapidly because this market lacks stability and has high competition between various entities to control the industry. If I told someone now that Bittrex and Poloniex were the leading Crypto exchanges before the appearance of Binance, they wouldn't trust me considering the current positions and popularity of the said exchanges.
CZ proved himself as real player, and I think he will remain one of the biggest players in Crypto until the entrance of more intelligent competitor.

Im much aware on how Poloniex and Bittrex did really dominate the market wayback on those previous years and then suddenly been replaced by Binance.We would all be presuming that on what happened into those 2 would eventually happen into Binance which i do believe that CZ had already prepared for that? Just common sense..I do agree into those words in speaking about being intelligent and wise on handling out his company
and its true that it is really just easy to replace a certain platform or company in a snap if we do speak about popularity and certain degree of relevance.
BNB will crash? It would really be always depending on the fundamentals or performance of Binance itself which it would really definitely reflect out.

with all the hullabaloo happening in this market, CZ more then likely are already steps ahead of everyone. i don't think he would just sit there and relax if he knows his company is about to fall. nope. so unless, there is major financial situation that he will be under the scrutiny of the govt or authorities, i believe he is still doing great. we will know if his platform is about to fail if there will be some rumours surrounding about CZ's mismanagement of his platform.

It was not a rumor. CZ was the one who triggered the collapse of FTX by dumping FTT. Sam was using FTT as collateral in much of their loans and the dump on FTT's price caused liquidations on those loans.

On CZ, it is becoming more concerning. There is a rumor saying that an insolvent platform is manipulating this pump before conducting of an audit. However, no one is sure if the insolvent platform is Binance, Digital Currency Group or another platform. What we can be quite certain of is a pump was what also what FTX orchestrated before their audit. Someone might be doing the same tactic hehe.

I'm pretty sure that it's not only him that's intelligent beyond his company. There go the other talented people that he's working with or we should say that he has employed and works under him.
It's a corporation and not all decisions are solely from him so the other people involved in their company are also intelligent and they're adopting the changes that are happening in the market.

Those people that are new will never believe you until they start to make their own research.

CZ considered FTX as a threat to its dominance on the crypto industry (it was the second-largest crypto exchange), so he had no other choice but to "destroy" it by dumping FTT tokens. You don't mess with the "crypto kingpin" after all. Binance is now too powerful, setting a dangerous precedent for the entire crypto/Blockchain space. A collapse of the biggest crypto exchange in the world, would cause a severe harm to the industry that would leave it with no room for recovery. Not only that, but Binance becoming a monopoly would pose huge centralization risks for the entire space.

Binance's native token (BNB) may be down, but it will emerge bigger and stronger than ever as it's backed by the biggest crypto exchange in the world. I'd say bankruptcy is very unlikely right now. I hope other exchanges step up to the game (Huobi, Coinbase, etc) just to take out as much market dominance from Binance as possible. Once Binance is no longer a monopoly, nothing should stop crypto from achieving its full potential. Who knows what the future lies for the entire industry? Just my thoughts ;D

CZ can do this again on other crypto exchange who has their own token but those who don't have their own tokens are lucky because they are safe from this game. They have a good chance to advance in the top ranks. With what power binance have, do you still think that it will collapse?

I don't really think so but if let say it is then I think there are still a chance for recovery because there are still plenty of exchanges left and then there is always new exchange that comes out every day, ready to replace the position of those who collapsed. Even though binance is considered to be a monopoly, I think there is still a chance that crypto will boom and binance still have their own contribution about it.

Personally I agree with your point.  Although binance has had numerous problems since November 2022 including seemingly serious FUDs like mixing customer deposits with collateral, binance's banking partners limit the amount of fiat.  After the collapse of FTX, regulations were tightened for centralized exchanges.  Cz is no longer worried about rival FTX, that's an advantage and if he manages to make sure everything goes well then binance will still be the #1 position for centralized exchange.

Right now it looks impossible for Binance to go bankrupt or experience what happened to FTX but that's also what a lot of people don't predict at FTX or some other big exchanges that end up going bankrupt the drama is being hacked but actually because they don't manage their funds properly, tightening regulation only reduces the opportunity for entrepreneurs to open exchanges because there are many things that must be fulfilled but it is difficult to avoid misuse of user funds.

in fact, CZ is not that stupid to say what could make Binance crash without the slightest consideration. how many times have we seen that Binance has really big problems, like hackers and so on. However, Binance is always responsible for its mistakes. besides, I also think that Binance is too big to go bankrupt right now. Binance becoming one of the most popular exchanges today is not just because of rumors, but because of the proof that they are truly professional. On top of that, the BNB price is currently holding steady at the $300 mark.

As a novice investor, I think there is little chance of going bankrupt. They operate a reliable trading platform, and the value of their coin is increasing. Additionally, they assess a high cost for each transaction. Why then would they declare bankruptcy? I don't anticipate it happening soon. Because it won't happen soon, you can push this thought out of your mind for the time being.

and in conclusion this is just FUD made to tarnish binance's reputation. But binance is stronger and won't be affected just because of such obscure FUD. withdrawals and deposits went well on my account and there have never been any problems. Binance is very popular right now and CZ won't be as easy to go bankrupt as it was with FTX. Binance is quite professional and cares about its users to keep them safe and not feel that their assets will be targeted.

I think this kind of thing has often happened to Binance and it won't just bankrupt Binance,
FUD won't make Binance weak so I'm not too worried about that,
that is why many still believe in Binance.

I also believe it's FUD. In general, most of CEX is currently being investigated very closely after the collapse of FTX... I think CZ is experienced and brave enough to handle and bring binance to overcome these difficulties. This is not the first time he has had to contend with FUD. Based on the data from defilama, I think that Binance is still very popular and has gained a lot of trust. More than 20 billion have been uploaded to binance in the past 7 days.https://defillama.com/cexs (https://defillama.com/cexs) That is the clearest proof.

I'd imagine Binance's collapse would be much bigger than both the collapses of Mt. Gox and FTX. Such a catastrophe would make crypto market prices decline at a very fast pace. It would take years for crypto to recover back to the way it was (if it ever does). Exchange tokens are known to be manipulated by malicious actors, so the industry should step away from them for its own good. I'm glad not every exchange has its own token, otherwise it would be complete disaster in the long run.

CZ has built a strong empire that's hard to tackle with. How long will that empire last is an excellent question. Remember, not your keys, not your coins. As long as you don't keep your crypto in any exchange, you'll have nothing to worry about. Just my opinion :)

One exchange couldn't crash crypto forever.  Mt gox pretty much ran all crypto exchanges at least from a percentage base and crypto survived.  Back then when crypto was just some sort of fringe experiment still.  If that didn't kill off crypto, an exchange going upside now won't either.  Here's an idea...stop using exchanges as wallets!!

the thing that gonna be preventing binance from bankruptcy is the fact that they always have some measurements beforehand, they aren't gonna be collapsing unlike certain exchanges that are quite irresponsible enough that they'd use other people's money for their interest I guess even if binance did that they'd do it very carefully but I think considering the massive amount of reserve that binance had, I'd say that they are not gonna repeat the same mistake that other certain exchange did, binance is just better than that honestly.

Crypto is decentralized, so it's likely it will survive after a collapse of another big exchange. As you've said before, people should stop using exchanges as wallets. Unfortunately, many people don't do it because they want convenience. Unless people start taking custody of their coins, we won't be going anywhere soon. At least, we're not tied to one exchange.

Even though Binance dominates the crypto market, there are plenty of options to choose from. The competition is getting fierce each day with many Binance rivals claiming their way to glory. Besides, we have decentralized exchanges to keep us company. If all else fails, DEXs will be there to save the day. Just ignore the FUD, and carry on as usual as crypto is here to stay. Just my thoughts ;D

I don't think so, there are many factors that have kept Binance afloat in difficult times and a lot of fud that has occurred on social media. One of the factors is that Binance is still surviving, it is the biggest Biance Exchange in the world, many people still trust Binance.

yes, just recently there was a lot of criticism on the web about the work of the exchange but everything turned out to be just rumors without confirmation.But at the same time, the staff of the exchange has only increased and binance is hiring more employees for other departments,which is a good sign.

Binance is top of the game, I cannot image it will go bankrupt if so then it will be a disaster than FTX, LUNA and bank runs we had experienced this week. With the assets of Binance right now, it still stands strong and never falter with the FUDS been thrown to CZ and binance itself. This is why Binance will surely stay as long as it needed to keep the industry alive in upcoming years and future of crypto.

I see that it is almost impossible for Binance to go bankrupt, their business is very strong and there are many loyal users under their hands, the security issues that attack Binance can be handled perfectly by CZ, he is really good at doing business so that Binance will continue to survive.

I think those are just haters who are trying to bring Binance down. They are too jealous of what the exchange is achieving right now but Binance deserved it because they work hard. They don't just receive it in an instant. This is the thing that those people forget to realize.

It's normal for any company to remove some of their employees because the world might be facing a recession these days and even big companies like meta (former facebook) have laid off thousands of employees but the opposite is only happening to Binance because like you said they are only hiring more workers to help them in their operations. It's a sign that their company still continues to grow despite of an economic downturn.

Although, Im not a Binance Fan. But Yes, Binance still look very strong and the team is always active and working perfectly. I don't expect Binance to crash with how its been working so far. For BNB, Even developers are buying it and its been strong so far. It has a reasonable use case also.

I agree that the chance for Binance to go bankrupt is small because Binance is the number 1 CEX in the world. They have a big number of users and they have no big problems so far. However, it is not impossible for Binance to go bankrupt someday. Just remind about FTX case, it is also a big exchange. But 1 big problem can be a disaster for FTX. It is the same as Binance and other top exchanges, 1 big problem possibly leads them to go bankrupt if it is a fundamental matter.

Having a number 1 CEX position does not give them safety and power against bankruptcy. It depends on their treasury management that decides their destiny when bank run happens. I don't know about their future but at least they experienced a big bank run since late 2022 and they proceeded it well. No insolvency happened with Binance and they are fine now.

Except if their reports are cooked, they look to have good treasury management that makes them strong in this market.

When a bank run happens, insolvency can occur within a few hours or days as collapses of FTX and some banks recently like Silvergate, Silicon Valley Bank and others. With such death spirals, you won't have enough time to gain income from your platform operations to proceed withdrawal requests from users.

Binance can collapse if they face with insolvency and fail to raise new fund for their exchange to pass through that challenge in short term. Fortunately, so far they have yet shown that dead point.

https://www.reuters.com/technology/binance-sees-withdrawals-19-billion-last-24-hours-data-firm-nansen-says-2022-12-13/
https://www.forbes.com/sites/javierpaz/2023/01/10/binance-is-bleeding-assets-12-billion-gone-in-less-than-60-days/?sh=4dbb7553c3f0

Looking at what has happened from 2022 to now, many large companies and corporations have been noticed. I noticed the area fluctuations happen to rationalize the price away.
But actually before seeing many people rumored that BNB posted to meet FUD, I think maybe time will tell this skepticism. Right now the US banks are bringing a gloomy atmosphere to the economy, this is on a macro level, so I only see the news surrounding then as a reaction to what has caused go out.

Binance today remains the largest player in the market and has many users even despite all the negative news that we can see lately.I see no reason for problems in the near future,as the exchange shows good results and still inspires confidence among many users.I'm still increasing my investment in bnb.

Your trust in Binance is greatly appreciated, because it must be admitted that Binance is still the best in my opinion so far. the news about binance is that it can happen because of excessive sentiment, expecting binance to not be as strong and good as it has been so far. remember in a situation like this there will always be competition that could have good intentions or someone who really wants to bring it down. It's normal and everything can happen to anyone, especially Binance, which has a very good reputation.
there is no reliable news yet about anything happening to binance, even at the beginning of this year binance was in the news, because it was in the best category.

the community answered and that is FUD, BNB will not going to affect Binance exchange in bad manner instead for me in good ways.
and continue to go above many coins , while it is only following ethereum(while USDT is not part of any competition) I guess that BNB will grow more than what those hatred expected.

I am still holding my BNB and will continue to keep till the price satisfies me.

I was not expecting Binance to declare bankruptcy like Bittrex and Hotbit.
Binance is still doing well so far, and I hope it will continue to do so. If Binance goes bankrupt, the crypto market will plummet dramatically, given that it is now the largest exchange in terms of trading volume and users in the world.

I don't see how Binance will crash if Bitfinex was able to withstand Tether FUD all these years then I think Binance will come out better and stronger from these orchestrated attacks, I know some people in US Government are sympathizers to Sam and believe that CZ was the one that set fire on FTX and they are out there looking for blood. Reuter is the worst of them all, constantly FUDing Binance some of their articles are just a regurgitation of their past articles and this makes me believe it is an orchestrated attack against CZ and Binance. If Binance crashes today, can you tell me one exchange that can replace it, none so far.

Binance is doing its job very well by opening new branches in different countries and thus protecting its business and expanding its brand awareness. Leaving one country will not affect the closure of the entire business. At the moment, I do not see a threat or strong serious competitors with the same strategy . So far, I see how other exchanges with a good reputation and history are closing. Freeing up more space for Binance.

BNB bankruptcy is very unlikely.
what makes you think a compny worth hundred billions of dollars could just went bankrupt overnight, and the fact that they kept BNB closely and make some real events with it, just means this coin not gonna go anywhere.
though there are many rumours revolving around its BUSD in which binance has withdrawn their assets from there.

I don't think anyone knows what will happen exactly. Binance at least seems to be way more transparant about their assets and reservers, so them going bankrupt doesn't seem very likely.

I agree with you, especially now that the project from Binance is very popular and widely used (starting from the exchange and up to the blockchain), so it's very difficult for Binance to go bankrupt, because many people still support and invest in Binance for the long term, even I'm sure when If a bullrun occurs later, then the price of Binance will definitely increase very high and create a new ATH price, so the possibility for Binance to go bankrupt is very small or even never will happen.

Right we know ourselves how awesome Binance is so I don't see it going bankrupt,
unless there is a very severe destruction maybe it will bankrupt,
but again this is Binance which is not to be underestimated.

It is unlikely that Binance will just go bankrupt easily. It is not perfect but CZ and his team are working hard for the company to stay, develop and innovate. The good thing about Binance is its willingness to work with various governments. Binance unlike most exchanges is courting a lot of countries for it to operate under their own sets of regulations.

And there's also BSC which made Binance more valuable compared to the other exchanges. BSC remained a top choice for projects and users due to its cheaper fees and its growing community. Binance Labs also continues to provide support ideas and innovations in turning them into reality.

Not FUD, BNB is a dead end. If you want to make it look into regulatory compliant exchanges and coins like XLM and Q Blockchain.

I never believe Binance will go bankrupt easily. BNB is the safest coin compared to other altcoins in the market and the liquidity of BNB and the liquidity of Binance are completely unrelated.It seems to me that Fuds is nothing more than just looking to sabotage Binance.  BNB economy will gain more reputation in the future as their exchange and the platform will remain strong according to the open. Currently we have noticed that Binance is one of the strongest coins in the market now, there is no one among the investors who has not invested in Binance.BNB is a strong coin and Binance is a strong platform so we can never expect that Binance will go bankrupt.

Unfortunately the community don't seem to care about the different levels of fud thrown at binance. As one of the top most centralized exchange, it is not surprising to see haters.
Bnb looks more alive than the many shitcoins in the crypto space imo. What good are coins with zero utility but just on name only.
Plus xlm is a forgotten coin now, people are more interested in shitcoins like pepe, floki, shiba, doge... these are the real enemy not bnb. ;D

The only condition that can make BNB go down is when the Binance exchange is completely down itself, this is just as good as the case scenario of some coins as well in the past that went down along with their operational exchange, but base on what we can see for now, Binance is not taking anything for granted in ensuring taking a steady security measures over it network and website, not only that, it has built a global and international recognition beyond any reasonable doubt to believe anything of such could happen with them in the future, though all these doesn't make any difference from still maintaining being a centralized exchange and prone to cyber attack.

for BNB to go bankrupt, in my opinion, it will be difficult, because the popularity of BNB is already very high and there are several factors that make me sure if BNB will survive until whenever, that is
1. Binance exchange (BNB) has the highest trading volume and ranks 1st;
2. BNB has a blockchain that is widely used by projects and people for transactions;
3. BNB is in top 5 on coinmarketcap.

Yes, it is really hard to believe that they would really go bankrupt but we know that there would be no assurances that it would last forever until some new competitor would really kick in.
Possible reasons on which it could really be possibly that it would be replaced into its top spot.

1. Major exploits on BNB chain
2. Some exchange major issues
3. Regulation Issues
4. New and competitive other exchange

So far Binance is really that good on how they would be marketing out themselves on which they are really that able to retain their position or ranking
for how many years now and it doesnt seem that they would really be out of the game soon. As long CZ does maintain on what he's doing in terms of marketing
or market expansion then it might really took a long time for them to stay.

Yeah, I think the possibility is there, that when the public actually losing trust they will take all asset and just dump BNB, though compared to what happened to FTX the scale of people that need to do such thing to make Binance go bankrupt is much much more. And CZ should have learn from FTX that some bad thing might happened, and he might already has some solutions for this problem if it actually happened in the future

Like most people who voted in this poll, I think it's more FUD that BNB would crash because of delayed withdrawals or some form of bankruptcy. Compared to many other exchanges, they do seem relatively transparent with their holdings and 1:1 backing of assets. I'd therefore be a lot more concerned about SEC lawsuits against Binance claiming that BNB is a security, which it could well be. The defence would obviously be that there is no guarantee of profit, only a guarantee of discounted trading fees (which also doesn't guarantee profit either), so it's likely they would be able to fight off any lawsuit.  

Either that, of some of the blatant manipulation of BNB price, such as around the time when Binance chain was launched. This could still land them in hot waters with SEC or other agencies.

Indeed there is no guarantee that it will last forever but so far for me Binance is nothing to worry about,
CZ has also done a good thing and it is proven that until now Binance is still in the top ranking,
but this is crypto anything can happen and we'll see in the future what it will be like.

Forget about this thread , obviously the answer is NO and look how the thread runs and when it is started , from months of running Binance stays on how much the stable price while bitcoin is also steady for a while.
and also another thing is that Binance is one of the most strongest coins now in the market , and if we are not seeing how much the value of this coin , just check the Binance  https://p2p.binance.com/en/fiatOrderDetail?orderNo=20494589061568950272 and you will see how dependent this currency to the backed up site and that is the biggest exchange now.

As far as I know they are not like that before but they only came up with the idea after the collapse of several exchanges. That is for the people to gain confidence that the exchange still has enough funds to pay them.

It's a good thing but I think it doesn't prevent the incoming issues that an exchange might face. They still can be able to experience it and they can still fail, in case they fail to solve it. Once people see Binance funds are declining, they will pull them out and that will make Binance crash evenly. Once Binance collapsed, their coin BNB is also going to share the same faith. These possibilities might not happen today or tomorrow but better be prepared about it.

although everything can happen in cryptocurrency, but I really believe that BNB going bankrupt is very unlikely, because if BNB goes bankrupt, it will be bad news for cryptocurrency (investor confidence will decrease), because BNB has the biggest exchange in cryptocurrency (rank 1), so if BNB goes bankrupt there will be many cryptocurrency that will go bankrupt as well and investors who will invest in cryptocurrency will decrease.

BNB is one of the top coins no doubt so if one day goes bankrupt obviously it will have a tremendous impact,
even though that doesn't mean I'm sure one day it will go bankrupt,
it might take a tremendous crash to see BNB go bankrupt and I'm pretty sure that's not going to happen.

there has been many prevention that binance has done, they are even routinely disclosing their reserve in which gonna be make the public more trusting in their platform.
i'm sure with all these good intention binance will not gonna go bankrupt that easily.
after all binance is bigger than many might seem it is, quite literally binance has owned many local exchanges across countries and also binance has owned quite good share of known platform like CMC and also heavily invested into hundreds of project.
i'm afraid if they ever goes bankrupt the whole cryptocurrency market will be in more chaotic circumstance.

since the FTX case I started to think the same, can Binance go bankrupt?,
and I have an answer when I see CZ speak up about cryptocurrency or Binance itself, and I really understand why Binance can be this great,
and yes the answer is CZ itself, I think if CZ was still the CEO of Binance then Binance would be fine, but if CZ had quit Binance maybe I'd put Binance on alert.

Today S.E.C. Accuses Binance of Mishandling Funds and Lying to Regulators. If Binance lose in this case then whole market gonna be drop drastically, I hope this doesn't get as bad as I imagine it to get.

Only a week ago I said the following, looks like I was right :D


What I didn't anticipate is a much broader lawsuit charging Binance exchange with various other securities law violations, as well as labelling 61 altcoins as securities that Binance provides trading pairs for. Ultimately this doesn't look good for BNB, nor Binance. The latter can no doubt survive, as they are a very profitable company, but it's possible BNB will seek to exist as a result of the current accusation.

I don't exclude the possibility that there is a powerful FUD going on right now to force weak hands to discount their coins at low prices, before the surge forward. There is an atmosphere in the news, like the SEC is against all cryptocurrency. Such an industry can't just disappear at the beginning of its development, when the introduction of cryptocurrencies around the world continues every day. The fall of the crypto market is definitely beneficial to someone and now they will provoke an outflow of money from this space by any means. As always, ordinary investors will lose on this, while large capitals will get an opportunity to buy more at very low prices.

P.S. A link to the source should still be given when you take someone else's phrases into your text.  That's for future.

Honestly this question has become more relevant than ever, right now with the lawsuits.
I'd think that many that considered binance somewhat invisible has been encouraged to think twice in regards of that, i wonder what will happen if binance truly loses the lawsuit, will it be disastrous for the overall cryptocurrency in general.
but I think it just means that we should think retwice about our current portfolio, in mitigating the potential collapse.
moreover, the current condition of cryptocurrency in general still unclear whether there will be another waves of correction, right now it's slowly but sure recovering but what if the lawsuit unfolds further, i guess there will be waves of correction.

Trust me Binance will not lose in court with SEC, there is a lot of support to Binance like Justin Sun, from Tron, Coinbase and some famous names in crypto world,
if you worry and sell BNB then you can regret it, yes I know XRP case is same and make XRP is really hard to grow but this is Binance and CZ will try to win.

if binance bankrupt BNB could crash to the bottom of the earth. the only thing makes BNB weak is Binance and Binance is centralized entity. centralized entity easy to destroy. maybe uniswap will stay with us. or other decentralized exchanger. but i hope binance can face this situation. they hold many coin included bitcoin. market cap will crash very hard if it happen

Binance has already become big and powerful enough to be called a crypto giant. This company will not be easy to break even SEC. Yes, a massive outflow of crypto assets from this exchange has begun (which directly affected the course of btc, but only temporarily), but this incident is not of such a catastrophic level. In December last year, amid rumors about the insolvency of this company, users withdrew more money than they do now, and the Binance managed to cope with it then. I believe that this time this platform will also be able to solve all the problems, including with KYC.

If the Binance fails to do this for some reason (which I don't believe), then it will create such a problem for the entire crypto industry that the collapse of Mt.Gox will seem like easy fun.

I have researched some developments about events in the past few days and also partly seen people's concerns about the future of binance, personally I find this to be a legal issue that is not really clear between the parties, the SEC intervention in this market over the years is not unique, and I personally see it as controlling the development of a large company in a new field and assign invisible relationships. With a small market share and current competition, those who don't like binance will try to find a way to bring it down, but it's not easy, once they get over these things, they'll be even worse off. become stronger.

Even if the government stopped Binance from operating there will be nothing to be felt on the bitcoin network except for other cryptocurrencies which have been using their platform for their own money, promotional offers and many more on the exchange, i will also pity those that will be having their asset on them, because everythingay end as sooner as possible if they succeeded into victory over the exchange.

only 1% chance that BNB will go bankrupt and 99% BNB will last forever, because BNB is the most popular altcoin right now after Ethereum, this is proven by BNB being ranked 4th (below Ethereum), so many people will support and invest in BNB, then of course it's very difficult for BNB go bankrupt, unless something happens with BNB like happened with LUNA, then of course BNB will crash and go bankrupt, but if BNB is still as popular and transparent as it is today, then BNB will continue to survive.

I heard that if SEC was sending a request to the court for freezing binance US funds. I think that will be greatly affecting the market. The volume of binance US was not as big as the global binance but it's enough to give negative impact to the crypto market.

I hope that will never happen. it will be so bad for crypto.

Well, it's already affecting the market. I don't want to sound like I'm spreading FUD, but all coins have suffered, with BNB suffering the most. I haven't seen it at such a low price for a long time. On the one hand, I doubt that Binance and its coin are going to fail, but on the other hand, it's a little frustrating to see BNB's price dropping like a stone. However, I believe that the effects of the SEC suing Binance will be worse than the shutdown of the FTX exchange and may even last longer.

I had purchased some BNB for $300 a few weeks ago, and now I'm greatly suffering because I don't have any more budget left to purchase more. It looks like it could be a decent opportunity; we'll see how it turns out.

If BNB is ranked 4th and below Ethereum then it should be Ethereum that must be th most popular altcoin right now because it is an altcoin as well.

Not that many when news that has gone broke about Binance/CZ has came. That's even gonna make people worry about their investments and could sell back their BNBs and turn them into stable coins.

We'll never know then but CZ is setting the mood and telling everyone that those news are just made to create a FUD.

From a trader or investor view no one love anyone coin thier mind are just attached with profit from selective coin, it's didn't make sense that BNB ranked 4th so it will not be bankrupt and trader will support as because of trust, mostly tradet just care about his fund they sell most of Thier coin in case of any bad news or negativity just like investor of big project like FTT investor does.
Some big crypto enthusiast and influencer warn people about Binance to move out Thier fund as because things are going same soon just like FTX....

BNB won't go bankrupt but BNB can crash, because indeed BNB is currently having bad news which can crash the BNB price,
now the effect has also been seen and caused BNB to dump to $250,
I don't know what will happen to BNB in the future if Binance still doesn't solve the problem with SEC.

Although the post was written almost a year ago, today we are facing the same situation and the same question: Will BNB collapse?

There are big concerns about the collapse of BNB given that Binance is in a very difficult position, but I believe that Binance will get through the crisis. BNB price will drop a lot in the coming days but it will come back.

Binance is a big project and has a very strong team, moreover CZ also said that they are SAFU,
so why should we worry too much?, just trust Binance and the Team , they will settle the SEC lawsuit case,
I'm sure Binance will never go bankrupt.

Honestly who knows.  Short term I don't think it will crash hard but as this whole thing plays out they might take a turn for the worse.  The US is a huge market for all of these exchanges.  But when the SEC sinks their teeth in, it's a hard grasp to get out of.  Overall bitcoin will have zero effect from this.  Bitcoin is immune to the singular issue downturns now. 

I don’t see a big panic among users of the exchange right now, I also didn’t see a mass sale of bnb, yes there is a drawdown, but it’s not like many people thought.So you can’t even dream of any bankruptcy in the near future, this is definitely not the situation.I could believe in problems if there was a major hack or other similar problems. But the proceedings with the SEC will definitely not greatly affect the final outcome.

The last time BNB traded at this price was in December last year. And even the announcement of today's Maverick Protocol (MAP) launcher on the Binance exchange did not lead to an increase in the price of BNB, as it was earlier. And this is sad, because if the support fails, the price may fall to $150 per coin.

Only if binance will able to win against SEC. So many outflow compared with inflow. that means people are feeling panic. I can imagine if binance will be losing against SEC in the court. No binance platform for US investors.

That sounds bad but i hope that will not happen.

the lawsuit kept people from investing in BNB, so many are hesitant right now and this gonna be really impactful towards BNB in the long run.
we're now just scratching the surface of whats gonna be unfolded in the future, i guess i also have my share of doubts towards BNB at this point.

But if you truly trust Binance and their coins with the actions then you will never be hold from investing and keeping your funds inside though I am doubting how will the team response from this so much issue coming nowadays.
there are some investors like me that finding its way to convert to different projects and coins and indeed I believe we can divert for a while till cases are resolved .

I don't understand why people are expecting Binance might go bankrupt after this without even understanding that SEC's target is only its branch that is operating in the US and even if Binance loses the case, that wouldn't be a very big problem but it will surely dump the market but the dump won't last very long and the market will recover very soon after that.

BNB is crashing and it will crash even more if Binance loses the case against SEC because it is the native token of Binance, I wonder what will happen to BUSD after that, I really hope that it doesn't lose its peg or things will get pretty bad.

But now BNB has experienced a significant decline I know this is the result of the SEC taking over the Binance exchange so that it can affect the entire market especially the BNB coin itself, actually I also don't think until Binance goes bankrupt but anything can happen with the example of FTX which is a mighty exchange but eventually fell too.
But in the near future I don't think Binance will fail they will definitely be transparent about the budget and we will see how this dispute with the SEC turns out.

BNB has returned to rise and it is possible that if Bitcoin is able to go to $ 30k then BNB can go to $ 300 easily,
right now Binance is being sued by the SEC but CZ and the Binance team are struggling to fight,
and I am sure the price of BNB will not go to zero and Binance will not going bankrupt.

Binance has many other problems besides the SEC. After Binance failed to obtain a license in the Netherlands, the French prosecutor's office launched an investigation against the exchange on suspicion of money laundering. So such news cannot stimulate purchases and, accordingly, the increase in the price of BNB.

To be honest, I just found out about all this news because of you, I also just bought BNB on the market and intend to hold it,
should I sell it? because I only saw the news about BNB vs SEC and reportedly CZ is also fighting to win, so I intend to hold.

binance currently facing so much problem right now, I wonder if BNB will just stay stagnant like this or become unscathed by the fact that there are so many problems.
the most worrisome thing about binance is the fact that it affects greatly towards the price of BNB and other coin in general if its gonna be collapsing which I don't think it will but
honestly there is always some chance that it will, after all there has been histories of some big exchange out there are having collapse so suddenly which
definitely gonna make unrest in regard of the problem that binance is facing, even though if binance could prove that they aren't what they are accused things might be significantly better.

The price of BNB has increased by 4% today, if you look at the reaction from BNB to the increase in Bitcoin,
BNB is still following the bullish trend, so for now I think BNB is still safe for investment,
for bankruptcy I really can't imagine it, so we also have to prepare things it's because we are in the crypto world, anything is possible.

The team from BInance has been very strong in building their exchange,
to be honest I trust CZ and the team even though Binance is currently experiencing problems with the SEC,
but we also have to know that this is not only about the SEC but the ecosystem and technology from Binance we have already known as the best,
one might even say a replacement for Ethereum, 1000% for BInance will not go bankrupt.

Nope i don't think it gonna happen.
This coin has been survive in every bear market and keep developing every single year.
I think it's normal why gouverment want to take down this coin.
But if binance really bankrupt then we gonna see another bear market in 2023.

I also see that BNB will continue to survive even though it is currently still not clear on the case with the SEC,
I'm sure BNB will win the lawsuit and if that happens it's not impossible it will actually make the price go up,
it's not going to be that easy for BNB to go bankrupt.

Even then I don't trust and like centralized exchangers I will also gonna say like everyone saying is that  everything going on with Binance right now is fuds. I think it's not time for Binance to go bankrupt yet. They still have strong support from the side of funds. The issue created by sec in USA is going to be solved a lot. And sec continues to complain like this on various cryptocurrencies after two days. So I don't think there is any reason to worry about binance right now. But since it is a centralized exchanger, one should always be careful.