- In his recent tweet, Adam Cochran criticized Binance US and its CEO Brian Shroder.
- Cochran asked the platform to clarify its claims against the rumors regarding BCH.
- The CEHV founder questioned the absence of the company CEO for the past five months.
Adam Cochran, founder of the activist venture capital firm Cinneamhain Ventures (CEHV), raised concerns against Binance.US and its CEO Brian Shroder. While the platform attempted to clarify the prevailing ambiguities regarding Bitcoin Cash (BCH) FUD, Cochran questioned the long silence of the company’s CEO for the past five months.
Yesterday, the US wing of the exchange posted a thread on its official Twitter page addressing the recent rumors revolving around BCH. The firm asserted that the temporary halt of BCH withdrawals that the customers experienced earlier this week occurred due to a “technical issue” in the deposit sweeping system. Adding that the issue hasn’t affected any other tokens, Binance.US affirmed that the withdrawals were suspended till the mess was fixed and “normal deposit, hot, and cold wallet flows resumed.”
Announcing that the BCH withdrawals have become fully operational since Sunday night, the platform reiterated that customers’ assets are safe. The tweet read:
In an environment where FUD spreads like a virus, we want to reiterate that Binance.US was established to serve U.S. consumers and structured to adhere to U.S. regulations. Rest assured that your assets remain safe and secure, and no amount of FUD will ever change that.
Nonetheless, Cochran, who recently reprimanded Binance for announcing the BCH/TUSD and CFX/TUSD trading pairs with no cost, ridiculed Binance.US’ latest update on the FUD. On July 11, Cochran took to Twitter to accuse Binance of being a “Ponzi scheme” with a “hole across multiple assets”, asserting that the platform’s motivation is to handle the customers’ assets without their consent.
As a response to Binance US’ recent tweet, Cochran asked the platform to prove its claims against the FUD. The executive commented that it should be “an easy thing to prove,” asking them to post the wallet, by which the community could view when the issue was fixed.
Cochran also criticized the prolonged silence of the company CEO amid stringent scrutiny of the US regulators. The US Securities and Exchange Commission (SEC) previously alleged Binance founder Changpeng Zhao of involvement in the operations of Binance US, about which Shroder refused to comment. In his recent tweet, Cochran asked, “Why hasn’t your CEO been around for the last 5 months?”
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