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Changpeng Zhao: Users urged to withdraw assets amid orderly wind down

Changpeng Zhao: Users urged to withdraw assets amid orderly wind down
Users advised on asset withdrawal

Changpeng Zhao emphasizes the importance of user action during challenging periods, highlighting what appears to be an orderly wind down that allows users to withdraw their assets.

He advises users to practice self custody if they are confident in securing their seed phrase, mentioning Trust Wallet as a potential solution. Alternatively, he suggests that users who prefer a custodial service may consider using the largest exchange, Binance, which he describes as having staying power.

Zhao has previously acknowledged underestimating stablecoins and noted that Binance and the BNB ecosystem distribute more than half of them, according to a recent article. He also recently announced the launch of Binance Life in Taiwan, with the book available at Eslite and more retailers expected to offer it soon, as reported in another update. These developments reflect his ongoing public engagement on user practices and platform initiatives.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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