Binance's CZ Says 'FUD Is Temporary' As BNB Drops 8% On $2.8M Short-Sale

Benzinga – Binance CEO Changpeng Zhao reiterated that “FUD is temporary” on Monday evening after the New York Department of Financial Services issued an order requiring Paxos to cease minting new Binance USD tokens (CRYPTO: BUSD).

What Happened: As a result, Binance Coin (CRYPTO: BNB) took a plunge dropping 8% to $290 in the last 24 hours.

FUD is temporary. pic.twitter.com/O2ntcjn2HJ

— CZ