Centralized crypto exchanges reintroduce an element of trust that trustless protocols like Bitcoin and Ethereum remove from finance. Users take on the risks, even if rare, of hacks, frozen withdrawals and other business failures, Casa’s Nick Neuman said recently. And so, amid a period of uncertainty, Zhao’s primary responsibility is to reestablish confidence in his exchange.
Source: https://www.coindesk.com/consensus-magazine/2022/12/15/changpeng-zhao-wont-rescue-binance-by-selling-out-crypto-self-custody/?utm_medium=referral&utm_source=rss&utm_campaign=headlines