Forbes: Since November last year, Binance has seen an outflow of approximately $12 billion

2023-01-10 08:10:11
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ChainCatcher news, according to a Forbes investigation, Binance has experienced a significant outflow of assets over the past two months. Forbes analysts compiled data from multiple data analysis platforms and conducted an in-depth study of Binance's wallets, discovering that the exchange has seen approximately $12 billion in outflows since last November.

At the beginning of December last year, Binance CEO Changpeng Zhao assured customers that withdrawal amounts were not even among the top five at the exchange, so there was no need for concern. However, in reality, Binance has lost 15% of its assets since then. Since last November, the balance of Binance's native token BNB has halved, and the amount of the BUSD stablecoin has decreased by 40%. Forbes pointed out that the exchange's MATIC, APE, and GALA balances have also dropped by 40% to 50%. (Forbes)

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