On December 17, Nansen tweeted that Binance owned $69.5 billion in cryptocurrency more than a month ago, but that value has already decreased to $54.7 billion due to a huge number of withdrawals and market volatility. The information is based on wallets made public by Binance, which include Bitcoin, Ethereum, BNB Chain, and TRON assets.
The CEO of Binance, CZ, said on Twitter not too long ago that users had a net withdrawal of about $1.14 billion, and that the exchange was continuing to function normally. It believes that “stress testing withdrawals” on each CEX in turn would be a smart idea.
Users were particularly concerned when the exchange announced the suspension of USDC withdrawals in the midst of a series of crisis rumors.
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Miami, Florida, 13th November 2024, Chainwire
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