Binance boss, Changpeng Zhao, reassured customers on Thursday, saying that the exchange can process all withdrawals in any given day after the trading platform processed around $3 billion of net withdrawals in a single day.
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In an interview with CNBC, Zhao emphasized that the exchange holds user assets at a 1:1 ratio, hinting that the platform is protected enough from a bank run, which recently destroyed Binance's rival — FTX.
"People can withdraw 100% of the assets they have on Binance, we will not have an issue in any given day," Zhao said.
He added that FTT tokens, which the exchange is still holding, were financially significant for Binance. However, Zhao went on saying that the company had "forgotten" about it as the exchange has "very solid revenue."
Zhao's statements come shortly after reports said that the Binance CEO warned the exchange's employees in a staff letter about upcoming difficulties. Although the nature of these hurdles remains unclear, Zhao noted that Binance is currently facing "a log of extra scrutiny and tough questions."
As iHodl earlier reported, the US Department of Justice (DOJ) can't decide on when it should charge Binance of violating money laundering rules as some federal prosecutors believe there isn't enough evidence against the exchange.
According to Reuters' sources close to the regulator, at least "half dozen" federal prosecutors believe that the DOJ has enough evidence to fill charges not only against Binance, but also its executives, including Zhao.
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