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CNBC Grilling: CEO Binance CZ defends Exchange


CNBC reporters interviewed Changpeng Zhao, Binance CEO, about the firm’s solvency. They also asked him about withdrawals this week from the exchange. Binance temporarily suspended withdrawals from the USD Coin stablecoin earlier this week due to insufficient USDC reserves. Zhao claimed that the problem was caused by a New York bank.



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