🚨 More than $4 billion has been withdrawn from Binance since withdrawals resumed.
Following the incident that caused $6.3 billion in losses, users began actively withdrawing their assets from the exchange.
📊 What’s happening? • Users are transferring funds to external wallets. • Trust in centralized exchanges has come under pressure. • Binance will have to prove that users’ funds are safe again.
💬 My take: even if the exchange fully covers the losses, regaining users’ trust is much harder. If the outflows continue, this could fuel interest in self-custody of crypto.
⚠️ The $4 billion figure still needs independent confirmation.
#Binance #Bitcoin #Crypto
Following the incident that caused $6.3 billion in losses, users began actively withdrawing their assets from the exchange.
📊 What’s happening? • Users are transferring funds to external wallets. • Trust in centralized exchanges has come under pressure. • Binance will have to prove that users’ funds are safe again.
💬 My take: even if the exchange fully covers the losses, regaining users’ trust is much harder. If the outflows continue, this could fuel interest in self-custody of crypto.
⚠️ The $4 billion figure still needs independent confirmation.
#Binance #Bitcoin #Crypto