On January 31, during a recent AMA (Ask Me Anything) session, CZ, CEO of Binance, addressed concerns about whether Binance participates in market trading. He clearly stated that Binance does not directly engage in trading and emphasized the platform’s robust defense mechanisms and financial safeguards.
CZ explained that any attempt to manipulate market prices would require attackers to deploy billions of dollars in capital. He believes there is currently no individual or entity with both the resources and intent to carry out such an attack. Therefore, claims that Binance deliberately dumped assets leading to the October 11 market crash are entirely baseless.
This response aims to clear up misunderstandings and reinforce Binance’s commitment to maintaining market stability and risk prevention.