Position on the BUSD case and the likely bankruptcies of other crypto companies

From his Twitter account, the CEO of Binance, the popular Changpeng Zhao, wrote the following:

" #BUSD is issued by Paxos, a NYDFS regulated entity, not Binance. The numbers are all wrong too.
These are users assets, in the form users choose to store with us. We don't convert for them." Click this link to access the full thread.

According to the assessments of the CEO of Binance, in the following weeks more cryptocurrency companies could go bankrupt, which would mean the worst scenario for the crypto market from its very origin..

Changpeng Zhao also assured that the problems of the crypto sector are similar to the crisis of 2008 and predicts a possible domino effect.

If the cryptocurrencies continue to fall, the bears, instead of regretting or fearing it, will be happy since, according to them, the best buying opportunities will be presented in the following weeks.

Thanks for reading, have an exciting and productive day.