The CEO of the Binance exchange, Changpeng CZ Zhao, wanted to provide clarity because some of the data was inflated.
In fact, while confirming high volumes of withdrawals, he made two important clarifications on the matter, because without these one might get the wrong idea.
According to our data, last 24hrs, @Binance net outflow is about $392m.
Our wallet addresses are public. Some 3rd party analytics measure Change in AUM (asset under management) in USD equivalent as outflow. This would include crypto price drops (which decrease AUM) as „outflow”.…
— CZ Binance (@cz_binance) June 10, 2023
Binance: CZ explains the loss of value
A lot of news has come out in recent days about the volumes of withdrawals from Binance since the SEC complaint.
CZ first pointed out that net withdrawals between Friday 9 June, and Saturday 10 June, were less than $400 million, while the figure that many have published was over $1 billion instead.
The fact is that both figures are correct, but
We współpracy z: https://en.cryptonomist.ch/2023/06/12/cz-not-many-withdrawals-binance/
