Binance,the world most biggest cryptocurrecy entity tweeted it intentions to embark on wallet maintenance over the next few days.

The Twitter X account of the exchange also stated that users may see large cryptocurrency transfer on various blockchain made from its wallets.

Furthermore, Binance encouraged their user not to worry for their assets, ensuring them that their "funds are safe", Stating the former chief executive changpeng Zhao who recently stepped down, handing over his position to Richard Teng.

Over the upcoming weeks, Binance will be running a standard wallet maintenance.

As a result, there might be huge transactions across multiple networks from Binance wallets.

"Be rest assured, your funds are SAFU"

-Binance (@Binance) December 15, 2023.

Additionally

A CATCH AS CHANGPENG ZHAO FINDS A NEW VENTURE TO INVEST IN.

After changpeng Zhao was forced to resign his position as the chief executive of Binance, he stated that he will extend his expertise towards other projects. Not seeing himself as a founder of a new crypto start-up, but he will rather be available consulting Binance management and other smaller enterprenaur who will place interest over what he will say.

Shortly after he was asked to leave the position as Binance Chief Executive, he tweeted that he has interest in biotech.

Apparently, he wants to used cryptocurrency to increase funding for biotech start-ups. He has a very strong belief on cryptocurrency despite his resignation . He emphasized that crypto may have a fast and smoother fundraising process, and this will apply for innovative spheres of technology such as biotech or any other thing else capable of ensuring human development.

This a significant similarity over Elon musk approach, however, the Tesla boss is not in a hurry to utilize cryptocurrency on a wider scale.

Changpeng Zhao is worth $15 billion U.S. dollar but changpeng Zhao has an outstanding issues to take care of, his resignation following $4.2billion fine, paid by Binance to the SEC, which accused changpeng Zhao and Binance of money laundering and violating U.S. security laws.

Currently, Zhao is restricted from leaving the U.S.A. Richard Jones, the District judge has also restricted Zhao from leaving the country due to his significant wealth.

Changpeng Zhao lives in the United Arab Emirates, but now he has to stay in the US his criminal sentencing scheduled for February 23, next year.