CZ's empire crumbling down?

source

It's been about two months since I read this headline and thought hard times are coming for binance:

Binance Lays Off Over 1,000 Employees / Crypto exchange reduces workforce as Justice Department investigation continues

Then three days ago this

Binance to Shut Down Crypto Payments Service Amid Refocus On Core Products / The service was rolled out in March last year, in an effort to make traditional financial companies “crypto-ready.”

Then yesterday this

Payment Processor Checkout.com Drops Binance Over Money Laundering, Compliance Concerns

And now this

OpenSea Announces the End of Binance Smart Chain (BSC) Support

OpenSea, the largest NFT marketplace, announced on Twitter that it is ending support for Binance Smart Chain (BSC) NFTs, citing the need to direct its resources towards higher promising work.

Seems like CZ can't catch a break these days 🤪 I hear China's economy is taking a hard beating and since the two have close relationships that's probably something else to consider.

And the whole crypto market is probably going to take a hard beating as well as it becomes harder and harder to hide the not-recession the whole globe is experiencing... Don't agree with me? Well, cryptogod/dog lover/spaceman/x-man seems to have a similar sentiment with me ^_^

One thing is for sure, the empire of Binance has seen some better days and to me it looks like the barbarians are about to storm the gates. But you know me, I love doomtalk ^_^

Anyways, I guess if you have crypto or USD parked on binance it would be a good idea to take em out. There is a good chance they will weather the storms to come, but better safe then sorry.

What ya think? Is binance about to bite the dust?

Posted Using LeoFinance Alpha