Binance Saw $8.7 Billion USD in Crypto Withdrawals This Past Week

They still hold $60 billion USD in digital assets.

Tech & Gadgets
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Crypto trading platform Binance has just demonstrated its ability to withstand massive withdrawals over the past 24 hours. Now, with all eyes on CZ after the FTX fiasco, many were expecting the worst.

Passing the test with flying colors, Binance saw a net outflow of roughly $3.66 billion USD this week with $3 billion USD of that total taken out in the past 24 hours. This number was revealed via the massive seven days of $8.7 billion USD in outflows matched with $5.1 billion USD in inflows — showing just how massive Binance is as a crypto exchange.

It was also brought to light that Binance has $60 billion USD in digital assets in its publicly disclosed wallets. With some of the pressure off his shoulders, CZ took to Twitter to announce that this is nothing new and that “tests” keep the industry healthy.

In other news, Justin Bieber, Steph Curry, Snoop Dogg, and more are named in a class action lawsuit over Bored Ape NFT endorsement.

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