FUD around Binance while CZ had to explain the $ 1 billion in chip transactions

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A few hours ago, Binance Cryptocurrency Central withdrew more than $ 1 billion in chips from its trading portfolio. The crypto community has spread FUD on huge deals, ranging from a possible attack on the stock market, new portfolios, the guard, but also a possible scam at the exit.

According to the block explorer, the smallest amount of chips transferred from Binance accounted for just over $ 530,000 of EOS, while the largest was $ 512 million of BNB. The transactions were discovered and soon spread to FUD.

Chagpeng Zhao (CZ), CEO of Binance, responded quickly to the charges. According to him, the funds are transferred into the new portfolios of Binance to improve the security of trade.

Nothing to fear. Check the tx logs, lots of tx from the new address to our old portfolios. No need to spread FUD. We are constantly working to further strengthen our security. https://t.co/UnNJ5mH54g

– CZ Binance (@cz_binance) November 29, 2018

"Nothing to worry about." Check the tx logs, a lot of tx from the new address to our old wallets – no need to spread FUD, we are constantly working to further enhance our security, CZ tweeted. The CEO of Binance also referred to a tweet that he posted a month ago, stating that the company was going to unlock important funds to and from their cold portfolios:

"We will transfer funds between our cold portfolios. A telling sign of a new cold portfolio on Binance is two small transfers to and from an existing portfolio and then a large transaction. No need to be alarmed. The funds are #SAFU, "as he tweeted.

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