Fuds Returning About Binance and Their Results

Binance paid a penalty of $4.3 billion in recent months and @cz_binance He resigned from his position as CEO

🚨There was a big FUD going on in the media about #Binance -So how did all this affect Binance? -Has its credibility been shaken? -What is the status of asset entry and exit? Let's take a look together👇

✑After losing the SEC case, Binance paid the $4.3 billion fine, which made a lot of noise in the media, without touching the assets of any user. ✑I think Binance is the only platform in the market that can pay such a penalty without harming any of its users and with such little impact. Why am I saying this? Let's look at the statistics👇

✑Approximately 4.2 Billion dollars worth of net assets have entered Binance since the penalty was announced on November 21, 2023. ✑This number is approximately 2 times higher than its closest follower, and equal to the total net asset inflow of the top 15 exchanges in the ranking



In January alone, there was an asset inflow of approximately 3 billion dollars. Again, he tripled his closest follower.

✑The total assets on the platform have exceeded 80 Billion dollars. It increased by approximately 10 billion dollars compared to the date on which the penalty was announced on November 21.


✑From 2022 to 2023, the total number of registered users increased by 30% and now has more than 170 million users. They say their target is 1 Billion users.

📌As you can see, in the 2 months after the fine was paid and the news was announced, Binance's statistics were expected to move downwards, but on the contrary, all statistics moved upwards.

✨The new CEO, about whom we wrote a detailed flood before @_RichardTeng has a huge impact on all these positive statistics. Richard seems to have successfully filled the shoes of an iconic name like CZ.

✦In addition, it is understood from the statistics how successful the steps taken towards reconciliation with the SEC and other legal regulators have been.


If such a massive FUD and penalty were made to any platform in the crypto world other than Binance, there is a 90% probability that it would bankrupt the platform.

It is extraordinary that Binance came out of this with no loss, but rather a profit within a few months.

👀 ✑Although users' trust in CEXs seems to have decreased after the events of the last few years, statistics show that Binance is definitely not involved in this. The platform that everyone takes shelter in as a safe haven is still Binance.

✑Binance has a very critical place in the crypto world. Positive developments on the platform are of great importance for the entire market, as it is large enough to determine the direction of the market.

Resources: 👉https://bloomberg.com/news/articles/2024-01-18/binance-attracts-4-6-billion-crypto-inflows-since-us-fine-bnb
👉 https://defillama.com/cexs
Proof of Reserve: https://binance.com/tr/proof-of-reserves


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