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Investor Mike Alfred claims Binance has no CFO, in talks with W. Buffett’s firm for funding

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Investor Mike Alfred claims Binance has no CFO, in talks with W. Buffett’s firm for funding

Value investor and Bitcoin (BTC) enthusiast Mike Alfred has recently made a number of (so far unconfirmed) claims about the crypto trading platform Binance, including that it has a ‘decentralized’ chief financial officer (CFO) and that it is in talks with major investors for support and credibility.

Specifically, Alfred said he had a phone conversation with “a fund manager closely connected to one of the earliest investors in Binance,” who told him that Binance has no single person acting as a CFO, as he detailed in a series of tweets published on December 22.

Instead, he alleges, a group of over 20 employees in the crypto exchange’s Treasury serves as a “decentralized CFO,” as its co-founder and chief executive officer (CEO) Changpeng Zhao “doesn’t want a single centralized CFO.”

Investor Mike Alfred claims Binance has no CFO, in talks with W. Buffett’s firm for funding

With a market capitalization of $39.36 billion, it holds the position of the fifth-largest cryptocurrency by this indicator, preceded only by Bitcoin, Ethereum (ETH), Tether (USDT), and USD Coin (USDC), as per the latest CoinMarketCapdata.

It is also worth mentioning that Binance’s native token has recently been touted as ‘one of the best investments of 2023,’ as its technical analysis (TA) indicators showed a favorable historical pattern despite the longest losing streak since October, as Finbold earlier reported.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Source: ethereum.today

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