Binance lots of FUD

[Smartprofit]

Binance is one of the three pillars of the cryptocurrency market (along with Coinbase and Tether). 

The collapse of Binance will likely lead to a panic among investors and a fall in the price of Bitcoin and other cryptocurrencies. 

At the same time, cryptocurrencies have many enemies in the field of traditional finance.  In particular, these are the Central Banks, which are now preparing the introduction of Central Bank Digital Currencies (CBDC).  Therefore, they are interested in the bankruptcy of Binance. 

The US government may believe that the Binance cryptocurrency exchange is associated with the Chinese Communist Party.  This makes binance a mortal enemy of the American government. 

Also, competitors, especially the cryptocurrency exchange Coinbase, may be interested in the bankruptcy of Binance.

[LUCKMCFLY]

Lots of FUD but better safe than sorry.

How much effort is it really to just cold storage your crypto?
Leaving it on an exchange with warning signs doesn't make any sense now, unnecessary risk.

I think that it is not FUD, it is security, there are many things that I have not agreed with Binance's behavior, because they are too centralized, and this is what causes me to have more control over people and that is not a good thing, let's train Already the example of FTX, and people no longer want to have their crypto in centralized exchanges because they know that when it is in a centralized exchange things do not go well because the money is no longer the person but the Exhcagene, those things are what People are afraid of losing their money, banks are no longer reliable and neither are Excahgges, I think the safe thing is the same, and the wallets with their private keys.

[o48o]

I think that it is not FUD, it is security, there are many things that I have not agreed with Binance's behavior, because they are too centralized, and this is what causes me to have more control over people and that is not a good thing, let's train Already the example of FTX, and people no longer want to have their crypto in centralized exchanges because they know that when it is in a centralized exchange things do not go well because the money is no longer the person but the Exhcagene, those things are what People are afraid of losing their money, banks are no longer reliable and neither are Excahgges, I think the safe thing is the same, and the wallets with their private keys.

Well i trust more to Binace's security in the long run then security i can provide for my crypto. I don't have a safe to store my privatekey or have my own guards, i know basic sec op and i am super careful about handling my wallets but if someone really wanted to hack me they probably could. I could store my private key in safe of a bank but that's centralized as well and seems like an extra step for basically same security that binance is build to protect.

[posi]

Binance is one of the three pillars of the cryptocurrency market (along with Coinbase and Tether). 

The collapse of Binance will likely lead to a panic among investors and a fall in the price of Bitcoin and other cryptocurrencies. 

At the same time, cryptocurrencies have many enemies in the field of traditional finance.  In particular, these are the Central Banks, which are now preparing the introduction of Central Bank Digital Currencies (CBDC).  Therefore, they are interested in the bankruptcy of Binance. 

The US government may believe that the Binance cryptocurrency exchange is associated with the Chinese Communist Party.  This makes binance a mortal enemy of the American government. 

Also, competitors, especially the cryptocurrency exchange Coinbase, may be interested in the bankruptcy of Binance.

If talking about the biggest, strongest, and dominating force in the market right now is Binance, they are actually dominating the entire market even though they come after coinbase. Although I know binance is not immortal, but it is very unlikely that it will crash this year, I have no guarantee but I am pretty sure it will not crash. The collapse of binance not only caused panic in the market, but it will bring the entire crypto industry back to where it started. Market is still being manipulated, and I believe the big boys will not let these terrible things happen. If they do so, they themselves will no longer have the opportunity to make money because there are no market participants.

[zaki12]

i think for now Binance is ok, fud was normal when FTX crashed, so people were blowing cold soup, but everything will be normal. the same thing happened with the bankruptcy of Lehman Brothers in 2008, people thought the banking system was going to collapse, and they went on a bank run.

But we still have to be aware of things that make us lose money. Use your cold money and secure your investment, it has happened with FTX, and nothing is impossible the same thing will happen again.

[yohananaomi]

We are aware that influencers are to blame for this Binance FUD. I anticipate that the FTX probe will turn up several flaws on some of these centralized exchanges. Even if the majority of people believe that CZ is trustworthy and won't misappropriate other people's money, I nevertheless suggest that users only leave a small amount on exchanges.

And it is a MUST.
We don't care if the news is true or fake, or any news that creates FUDs, as long as we don't keep a huge amount of money from this exchange (Binance), we are still fine.

I'd see how these FUDs create panic among investors and traders but sometimes we have to ignore it. Binance has been one of the most trusted CEX in the crypto market and thousands of traders are using this (including me), and despite the negative news, I remain trusting this exchange.

I also believed until recently that Binance was still a very well-liked exchange and that it wasn't going to keep a lot of people swayed by the FUD that was floating around. but indeed I also have to admit and always be on guard that exchanges are not always safe, so it's better not to keep too large funds on all exchanges.
Avoiding something that has happened from existing experiences is certainly a very wise thing to do.

[samcoin]

Binance are supposed to suffer some attacks considering their role in FTX collapse which gained them some new enemies from inside and outside the industry. I think they expected what is happening with them and are prepared for it. Despite the fact that there is no totally legit exchange in Crypto, but Binance have the experience and the community trust they need to overcome all these attacks, unlike FTX whose arrogant CEO caused losses for thousands of people.

[tygeade]

Binance are supposed to suffer some attacks considering their role in FTX collapse which gained them some new enemies from inside and outside the industry. I think they expected what is happening with them and are prepared for it. Despite the fact that there is no totally legit exchange in Crypto, but Binance have the experience and the community trust they need to overcome all these attacks, unlike FTX whose arrogant CEO caused losses for thousands of people.

I think it was basically a revenge situation. It could be coming from inside FTX or anyone that has connections to them and to the media at the same time and they are basically doing what should be done in the first place and attacking back to those teams now.

But, the reality is that Binance never had any issues and will never have any issues like this, they are a legit company and have always been one and all these rumours about them not being safe is just made up stuff to make us all leave binance and hurt them. I guarantee you that if there was something big going on there we would hear about it no doubt and it would not be just a maybe, it will be all out in the open.

[Mpamaegbu]

When Binance exposed FTX, it's expected that they also faced the same issue because Binance is relatively the same on FTX because they are the same centralized exchange. 

Even if both are centralized exchanges, I will like to quote this – Among thieves there's honour. Binance may be a centralized exchange but it could be trying to do right. We have to know that evil doesn't keep mute when being exposed to the world. It fights back. This is what I observe with the so much FUD going on around Binance since CZ Binance lambasted  Sam Fried and his scammy FTX exchange. May be more FUD will still come in days to come.