Zhao Changpeng's CNBC interview summary: Delay in USDC withdrawals is due to banks and reputable accounting firms being afraid to cooperate with crypto companies.
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According to @Crypto_Potato's summary, Binance founder Changpeng Zhao will be interviewed by CNBC tonight (15th) and the following key points have been highlighted:
Table of Contents
According to @Crypto_Potato's summary, Binance founder Changpeng Zhao appeared on CNBC tonight, the 15th, and made the following points:
- Reiterating that withdrawals, regardless of the amount, will not affect Binance
- Binance does not have fractional reserves, but holds assets in a 1:1 ratio
- The issues with USDC are due to bank exchange systems and business hours
- Regarding Binance's debt disclosure, he stated that Binance does not owe anyone money
- Regarding financial audits by reputable companies, he mentioned that many companies are afraid to work with crypto enterprises
- The $500 million investment in Twitter was made using company profits, never user funds, as Binance does not engage in lavish advertising
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