Can Crypto industry turn the page after historic Binance settlement?
Binance Founder CZ Stuck in U.S. for the Moment. DOJ says he faces up to 10 years in prison. Meanwhile we are seeing record withdrawals from Binance as customers rush to get their funds out. 📌History lesson: The day before FTX ran out of money they were still tweeting that funds were safe... What's your opinion about this?
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Business Development
The Crypto industry has had its fair share of ups and downs, and this Binance settlement is no different. The news of CZ being stuck in the US and facing up to 10 years in prison has sent shockwaves throughout the crypto community, and understandably so. However, it is important to remember that this is only one incident and that the industry as a whole is still growing and evolving. The lesson here is to always be vigilant and to always do your own due diligence when investing in crypto. The FTX example is a great reminder of the importance of understanding the risks associated with investing in crypto and to always be aware of potential pitfalls.
Julieta Cura | Outdefine Team
Marketing manager
Of course the industry can. Crypto is more than just one-sided. The learning from this and what happened with Sam BF and FTX before, is that we should stop trusting our savings blindly. I am particularly a fan of non custodial wallets and diversifying funds in different places. Call me nuts, but I don't want to run away from these situations ....
