Binance is now at the center of all things crypto after CEO Changpeng Zhao stepped down after the crypto firm agreed to pay a $4 billion fine to US regulators. This event has triggered outflows from the exchange similar to what happened before the FTX crypto exchange filed for bankruptcy.
Binance Outflows Cross $1 Billion
In less than 24 hours since the Binance CEO announced his departure from the exchange, users have withdrawn over $1 billion in crypto assets from the exchange. Data from DeFiLlama shows that outflows from the exchange quickly crossed $1.1 billion and are now sitting at $1.164 billion at the time of writing.
FTX had seen similar withdrawal trends back in November 2022 when rumors spread that the exchange was secretly illiquid. However, the difference between both exchanges is the fact that Binance has a much larger asset reserve than FTX did at the time.
Even though the $1.164 billion figure is significant, it pales in comparison to Binance’s $67.688 billion in asse
We współpracy z: https://bitcoinist.com/binance-see-ftx-level-outflows/
