Use Only Exchanges That Protect You – Chengpeng Zhao

Binance CEO

The Binance Chief Executive Officer (CEO) Chengpeng Zhao said that when users of the platform mistakenly send tokens not listed on Binance, they usually recover them because the exchange helps in the recovery.

This is not always the case when users send unlisted tokens to other exchanges. This assertion was made by Zhao via Twitter where he advised users to use only exchanges that are interested in protecting them.

According to the man fondly called CZ in crypto circles,

“When people mistakenly send non-listed ERC20 tokens to #Binance, even tokens issued by other exchanges, we help them to recover their funds”


CZ maintained that this is a reason why people should focus on centralized exchanges that have their welfare and safety of their funds in mind.


Author: Chris Mharc

Hello, I am Christ Marc, a young crypto enthusiast who has been in the market for a few years, I heard from bitcoin via a few friends and since then I became deeply interesred in this technology, now I am pursuing my studies with the incentive to master tomorrow's technology.

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