You're the CEO of a multi-billion dollar corporation.
You've got a good thing going here.
But hey you know what might be a good idea?
Shorting low-liquidity assets that have been known to go x1000 for like no reason.
Putting the entire company at risk in exchange for a few pennies in return.

You need to explain why Binance would naked short assets they don't have.
During the parabolic bull market period of a 4-year cycle that literally everyone is aware of.
That's not their business model.
They aren't a hedge fund shorting GME or AMC (stocks that should arguably die via fundamentals).
The risk vs reward simply doesn't add up as far as I'm concerned.
Something else is going on here.