Binance issued a response to recent media and community questions. The article responded to the following seven questions: 1. Regarding the temporary suspension of USDC withdrawals, Binance stated that withdrawals must be made through a US dollar account at a bank in New York, USA, and only during the bank’s business hours. , resulting in a transition delay. In the future, optimizations will be made for this conversion funnel. 2. Regarding Binance’s lack of sufficient reserves for users to withdraw coins, Binance said that users’ assets in Binance are supported by 1:1. The platform mainly makes money by charging transaction fees, and Binance will not embezzle users’ funds for any transactions or investments, nor any borrowing debts. 3. Regarding the refusal of Mazars and the Big Four accounting firms to serve Binance, Binance stated that Mazars stopped cooperating with all encryption companies including Binance, and the Big Four did not conduct "on-chain reserve funds" with any encryption company verification cooperation. 4. Why only BTC verification is launched? Binance said that the BTC verification is only the first step, and it will complete the on-chain verification of some mainstream currencies as soon as possible, at least allowing users to query by themselves. 5. Regarding the reports of "Binance refuses to disclose financial information" and "financial black box", Binance stated that it does not need to disclose detailed financial status. It is not a listed company and has no external financing needs and external investors. 6. Regarding Reuters’ report “U.S. Department of Justice launched an investigation into Binance”, Binance stated that similar reports happen several times a year. 7. About Binance destroying FTX? Binance said that FTX destroyed itself, FTX fell because it misappropriated user assets, and a healthy business will not fall because of a tweet.