🚨 $3.64 BILLION left Binance after withdrawals reopened — but that's only half the story
In the first 9.5 hours after withdrawals resumed:
🔴 $4.65B withdrawn
🟢 $1.01B deposited
📉 Net outflow: $3.64B
That's roughly 2.1% of Binance's reported $171B in assets
Here's what traders shouldn't overlook 👇
$BNB
Binance says withdrawal volumes have eased after the initial surge, while deposits remain substantial
All 15 networks and assets in Phase 1 have resumed withdrawals — but the wider rollout isn't complete
⚠️ A $3.64B net outflow is significant
It isn't automatically proof of insolvency, nor is it the amount stolen in the hack
📌 The next tests are sustained withdrawal access, whether outflows stabilize and independently verifiable reserve data
Binance's updated reserve snapshot is available, with the full zero-knowledge proof expected November 3
The first wave shows how users reacted
What happens after that will say more about confidence returning
$BTC
#Binance #CryptoSecurity #ProofOfReserves
In the first 9.5 hours after withdrawals resumed:
🔴 $4.65B withdrawn
🟢 $1.01B deposited
📉 Net outflow: $3.64B
That's roughly 2.1% of Binance's reported $171B in assets
Here's what traders shouldn't overlook 👇
$BNB
Binance says withdrawal volumes have eased after the initial surge, while deposits remain substantial
All 15 networks and assets in Phase 1 have resumed withdrawals — but the wider rollout isn't complete
⚠️ A $3.64B net outflow is significant
It isn't automatically proof of insolvency, nor is it the amount stolen in the hack
📌 The next tests are sustained withdrawal access, whether outflows stabilize and independently verifiable reserve data
Binance's updated reserve snapshot is available, with the full zero-knowledge proof expected November 3
The first wave shows how users reacted
What happens after that will say more about confidence returning
$BTC
#Binance #CryptoSecurity #ProofOfReserves
