#BinanceProcesses$4.65BWithdrawals
Binance has successfully processed approximately $4.65 billion in withdrawals (alongside $1.01B in deposits) in the hours after resuming phased withdrawals on Nov 1. Net outflow stands at ~$3.64B — just 2.1% of its $171B AUM — with volumes now stabilizing as expected.
This orderly flow after a major security incident highlights Binance’s strong liquidity, transparent communication, and commitment to user funds. Covering the bulk of the impact with company resources and maintaining market stability builds lasting trust. A solid demonstration of resilience in crypto.
#Binance #Crypto #Withdrawals #BinanceUpdatesProofofReservesAddresses #BinanceToResumePhaseOneOfWithdrawals
Binance has successfully processed approximately $4.65 billion in withdrawals (alongside $1.01B in deposits) in the hours after resuming phased withdrawals on Nov 1. Net outflow stands at ~$3.64B — just 2.1% of its $171B AUM — with volumes now stabilizing as expected.
This orderly flow after a major security incident highlights Binance’s strong liquidity, transparent communication, and commitment to user funds. Covering the bulk of the impact with company resources and maintaining market stability builds lasting trust. A solid demonstration of resilience in crypto.
#Binance #Crypto #Withdrawals #BinanceUpdatesProofofReservesAddresses #BinanceToResumePhaseOneOfWithdrawals
