I am sure some who look at the headline with say TwoDogs is spreading FUD again. That is not my intent. 

Seriously, look at what is happening with Binance. This article https://www.forbes.com/sites/javierpaz/2023/01/10/binance-is-bleeding-assets-12-billion-gone-in-less-than-60-days/?sh=7d5ead153c3f reports Binance has lost 12 Billion in assets, yes with a B, dollars in the past 60 days. I understand they are the worlds largest crypto exchange, and so in the long run this may not matter. However, it is something to keep your eye if you use their exchange, and if you are invested in cryptocurrnecy.

Also, Coinbase and Crypto.com have announced plans to cut their workforce by 20% found here https://www.cnbc.com/2023/01/10/coinbase-to-slash-20percent-of-workforce-in-second-major-round-of-job-cuts.html and here https://ca.finance.yahoo.com/news/cryptocom-cuts-20-of-staff-as-layoffs-continue-to-hit-crypto-industry-135720610.html . For Coinbase, this comes after they had already cut their workforce in 2022.

I bring this up, and this is part of why I am concerned about Binance is this article here https://www.cnbc.com/2023/01/11/binance-plans-15-30percent-hiring-spree-in-2023-even-as-rivals-cut-jobs.html Apparently, Changpeng Zhao, better know as CZ is claiming Binance is planning to hire up to 30% more staff in 2023. Now, either this guy is the real deal, and knows something we don't, or this is posture similar to when the fraudster SBF stated something similar, that his FTX exchange was on solid ground and that he was hiring right before they went under and their large scale fraud was exposed.

I am not saying that this will happen to Binance. The question I am raising is this, is CZ's ego getting in the way of good solid, and sound business dealings. Why be so bold now? Either he is on to something, and he really understands the market, has Binance on solid financial footing, and has reserves to cover the already 12 billion in lost assets, or he is an egomaniac willing to blindly go down with the shop as SBF did.

I can't imagine CZ will, or is doing what SBF did, but I understand narcissistic personality disorder (I am not diagnosing either), just using it as a frame of reference for behavior, that it would take that type of personality to do what SBF did. I love CZ's boldness, even if I don't understand why take that risk at this time to make claims of hiring when the market has been so badly beaten and bruised. However, even though I love the boldness, I would not bet on it in the long run, solid business decisions have nothing to do with ego or boldness, it has to do with tangible good decisions.

I can't wait to see how this plays out as I have nothing invested in Binance, but am invested in cryptocurrency and I hope Binance does not go under!