I still own a bit of BNB, and I'm wondering if I should believe the recent FUD (fear, uncertainty, and doubt) about Binance. On the one hand, there are the news reports that Binance.US is not cooperating with a probe by the Securities and Exchange Commission (SEC), and Binance.US announced this week that they fired one third of its workforce, including Chief Executive Officer Brian Shroder. The SEC is worried that Binance.US is violating securities laws by offering staking, clearing, and brokerage services.

On the other hand, Binance has released its 10th proof of reserves report, which shows that the exchange has sufficient assets to cover the deposits of its users. The report also uses a "Self-Verification" method that allows users to verify the contents of the report themselves.

So, what should I believe?

I think it's important to be skeptical of FUD, especially when it comes from a source like the SEC. The SEC has a history of being hostile to cryptocurrency exchanges, and it's possible that they're simply trying to create FUD in order to discourage people from using Binance.

The proof of reserves report is more convincing. It's clear that Binance has a lot of assets, and it's also clear that they're committed to transparency. However, it's important to note that the report only covers Binance's assets, not Binance.US's assets.

So, I'm not sure what to believe. I think the best thing to do is to wait and see how the SEC investigation plays out. If the SEC finds that Binance.US is violating securities laws, then I'll probably sell my BNB. But if the investigation clears Binance.US, then I'll probably keep my BNB.

I think the proof-of-reserves report is a positive sign for Binance. It shows that the company is committed to transparency, and it provides some reassurance to investors that their funds are safe. However, it's important to do your own research before making any investment decisions.

Personally, I do not keep my BNB on Binance but in a self-custodial wallet, because I trust more in the BNB token than in Binance itself. However, any cryptocurrency is volatile and there are always risks. So, please invest only the money you can afford to lose, and weight the risks before investing.