Binance Chief Executive Changpeng Zhao and Tron founder Justin Sun have responded to the recent flurry of withdrawals from Binance.
Binance, the world’s largest crypto exchange by trading volume, experienced a surge in withdrawals over the past few days. The withdrawals, as shown by Nansen data, were triggered by endişeleri over the exchange’s proof of reserve rapor.
Net outflows on Binance amounted to $902 million going into Monday, almost nine times larger than the second-largest outflow. However, given the exchange’s $64 billion in assets, one analyst said the outflow “doesn’t seem notably anomalous.”
Meanwhile, Nansen reported that Binance deneyimli an additional $1.6 billion net outflow in Ethereum tokens over the past day. While this put the exchange’s 7-day Netflow at -$1.9 billion, it is currently still less than the -$2.3 billion in outflows following the FTX collapse.
Changpeng Zhao response
In response to the increase in withdrawals, Zhao addressed the withdrawal of stablecoin USDC specifically. Referencing his statement, Binance açıkladı that it had been conducting a token swap with USDC. Consequently, it said that USDC withdrawals have temporarily been paused, but would be restored upon completion.
Source: https://beincrypto.com/cz-justin-sun-assure-markets-surging-binance-withdrawals/