WhaleChart, a crypto influencer account on Twitter, posted a poll asking the community of crypto enthusiasts their choice for the most secure exchange among
Nearly forty thousand people have seen the poll, and 47% of respondents voted for Binance.
What exchange do you feel is the most secure between Coinbase, Binance, CryptoCom and Kraken?
— whalechart.org 🐳 (@WhaleChart) December 25, 2022
However, most of this month has been rough for the largest crypto exchange as some detractors tried relentlessly to ensure its failure by spreading messages of fear, uncertainty, and doubt (FUD).
Yesterday, Changpeng Zhao, the CEO of Binance, took to Twitter to explain some of the motives of those spreading panic calls against the firm.
Zhao argued that some crypto enthusiasts hate centralization in the Web3 space, regardless of how valuable the centralized exchange had been in promoting worldwide crypto adoption. The Binance CEO also claimed that people who lost funds to high-risk trades tend to unleash their anger at the business.
2/ Some lose money on trading or experience other issues may blame and attack us. Not all cases have black-and-white right-or-wrongs.
— CZ 🔶 Binance (@cz_binance) December 23, 2022
Zhao added that some people FUD Binance because their former favorite exchange collapsed, making them assume that every other crypto asset manager would be another impending scam.
Last month, the one-time second-largest crypto exchange FTX went down with over $9 billion in customer funds. Its founder and former CEO, Sam Bankman-Fried, was recently arrested by the Bahamas police at the United States government’s request and was later extradited to the US.