🚨CZ Reveals: How Binance Survived a $15 Billion Withdrawal Storm! 🌪️💰
Ever wondered if your funds are truly safe during a market crash? Changpeng Zhao (CZ) recently dropped some truth bombs about Binance’s resilience! 💣
Key Takeaways from CZ's AMA:
100% Backed: Binance operates as a fully reserved exchange. Every $1 you have is backed by $1 in reserve. No exceptions. 🏦
The Ultimate Stress Test: In Dec 2022, Binance processed $15 Billion in withdrawals in just ONE WEEK! 😱 On the craziest day, they handled $7 Billion without a single glitch.
Transparency is King: With On-chain Proof of Reserves, anyone can audit Binance’s holdings. It’s easier to track than traditional banks! 🔍
The "Alpha" Moment: 🎤 While the world was panicking during the withdrawal surge, CZ was calmly having dinner with friends. His logic? "As long as the system is working, it’s working." That’s the level of confidence you get with a solid reserve model!
Do you feel safer keeping your assets on a CEX with Proof of Reserves, or do you prefer cold storage? Let’s discuss below! 👇
#Binance #CZ #ProofOfReserves #CryptoSafety
