CZ: Binance is currently stable, and the withdrawal volume yesterday was much lower than when LUNA or FTX crashed

Binance News · 2022-12-14T05:17:21.000Z

Binance founder and CEO Changpeng Zhao (CZ) posted on Twitter, "The situation seems to be stabilizing at the moment. Yesterday's withdrawal was not the highest withdrawal volume we have ever processed, not even in the top five. We are crashing on LUNA or FTX More withdrawals were processed during this period. Now deposits are coming back”. Previous report: CZ tweeted yesterday, "Binance customers made a net withdrawal of $1.14 billion today. In fact, I think it is a good idea to 'stress test withdrawals' on each CEX in turn. There are some network fees to run these 'tests' .but keep the industry healthy”.

Binance founder and CEO Changpeng Zhao (CZ) tweeted, “Things seem to have stabilized for now. Yesterday’s withdrawals were not the highest we’ve ever processed, not even in the top five. We’ve processed more withdrawals during the LUNA or FTX crashes. Now deposits are back.”
Previous report: CZ tweeted yesterday, "Binance customers withdrew $1.14 billion today. In fact, I think it's a good idea to 'stress test withdrawals' on each CEX in turn. Running these 'tests' costs some network fees. But it keeps the industry healthy."