Hello Friends

I am fine and I hope that you are having a good time with your near and dear ones.

It seems like things are not good for this international cryptocurrency exchange called Binance. This lawsuit is basically for the binance US and not for the international entity, but this is hot news as of now where a lot of people are in panic, and they are withdrawing their cryptocurrency. 

This is not the first time but again we do not know how things will be dealt with later on so it is better to keep our funds outside and maintain the self-custody. As per the latest update the founder cz has shared the response to the authority. 


![image.png](https://images.hive.blog/DQmSerPjdbCfBjrYWY1BgzxADGbaLjnziDnQPQNu6BoBmUY/image.png)

[src](https://images.app.goo.gl/zNR3N5P9XoxQhQkd7)

Sooner aur later most of the crypto exchanges are targeted by the government authority in US and they are questioned on multiple grounds. It is one of the biggest exchanges in the world and I hope that they will come out of this because they have enough funding with them, and this will enable them to respond in a proper way. The founder is trying to share all the updates that are asked by the authority.

Let's hope to see how things are turning out and how we are going to see the market because this is also affecting the market sentiment. 

What are your thoughts about this current situation in the Crypto market where the biggest exchange seems to be in trouble? I am expecting that exchange will be able to find the solutions and they will come out of it but again we need to go with facts. 

Now it is important to keep ourself updated and also keep and eye on the news update to see how things are moving ahead so that is something goes wrong then also we are prepared to deal with the situation. 

**Thank you**



Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@mukund123/binance-is-in-trouble-due-to-cftc)