Concerns About Binance:
1. Legal challenges from the SEC and CFTC with substantial evidence.
2. Departure of numerous high-ranking executives in a short time frame.
3. Use of self-verification for Proof of Reserves (PoR) without third-party audits.
4. Discontinuation of the BUSD stablecoin.
5. Cessation of operations in Canada, Germany, Netherlands, and Belgium.
6. Potential charges from the DOJ for money laundering, terrorism financing, and sanctions breaches.
7. Ongoing money laundering investigation in France.
Resignation of the auditor and the revocation of their approval.
8. Severed ties with several banks and payment systems, leading to difficulties in fiat transactions.
8. Significant staff reductions.
9. Reduction in staff perks and advantages.
These points provide a concise overview of the various concerns surrounding Binance at the moment. It's essential for users and investors to consider these factors when making decisions related to the exchange.