Dear Readers,

Having after the collapse of FTX, it made heat waves all across the crypto world.

There were many aftermath effects which collapse the things worser after the FTX collapse, which we have heard through various information channels.

There are various news that are in the corner flashing that the largest exchange Binance is going through some tough times and it under investigation by the US Government. 

But these are not new. It has been going on for few years. 

Many investors were shocked to understand and digest this. 

It is also report by various medias that the Binance CEO- CZ has reportedly sent a personal email to all the retail customers of Binance reassuring that the future and solvency of Binance. Many investors have reported that they have pulled out their money from Binance. 

Infact,  we should all understand that Changpeng Zhao, CEO of Binance has first announced that there are some problems with FTX.  There may be some back drop enemities that may have created between the CEO of FTX Vs CEO of Binance. 

The fall of FTX is more than the expected scale and the co-incidental effect put back step with other crypto exchanges and among the investors. 

While FTX went on to spend more for the advertisements and sponsorships for major events, Binance didn't do that and concentrated on the operations and systems. Moreover, they have the back up funds and they would hardly go bankruptcy. Irrespective of the market moves on both the sides, it will not affect binance. 

But, the investors like us need to be more vigil with the Centralised Exchanges. In the crypto world anything may happen. The holdings that we have in the central exchanges including binance, the private keys would be with them.  

If we would hold for lesser period of time, it is okay to be with the Centralised Exchanges. Moreover it would be useful for trading too. 

But, if we would hold for quite a long period of time and not being involved in trading, just think to have it with the hardware wallets that are available in the market. 

But be sure that you can purchase from the production/ source units. 

This will add further security to all our HODLs.