🚨 The figures circulating about withdrawals from Binance need some clarification!
There’s a big difference between the total amount of money withdrawn from the platform and net outflows, and not every withdrawal means users have lost confidence in Binance.
📊 Here are the figures:
🔹 After withdrawals resumed on November 1, Binance recorded $4.65 billion in withdrawals during the first 9.5 hours, compared with $1.01 billion in deposits.
🔹 Net outflows amounted to around $3.64 billion, according to the platform’s data.
🔹 That figure is equivalent to about 2.1% of Binance’s $171 billion in assets, according to its data.
🔹 Binance announced that it had recovered about 95% of the assets affected by the hack, and would absorb all the losses itself rather than pass them on to users.
⚠️ Important point: Total withdrawals are not the same as net outflows, because money was also deposited on the platform during the same period.
📉 Despite the scale of the crisis, Binance says the pace of withdrawals has started to ease and is approaching normal levels.
Read the figures carefully before judging the platform’s situation. 👀
#Binance #Crypto #Bitcoin #CryptoMarket #Blockchain
There’s a big difference between the total amount of money withdrawn from the platform and net outflows, and not every withdrawal means users have lost confidence in Binance.
📊 Here are the figures:
🔹 After withdrawals resumed on November 1, Binance recorded $4.65 billion in withdrawals during the first 9.5 hours, compared with $1.01 billion in deposits.
🔹 Net outflows amounted to around $3.64 billion, according to the platform’s data.
🔹 That figure is equivalent to about 2.1% of Binance’s $171 billion in assets, according to its data.
🔹 Binance announced that it had recovered about 95% of the assets affected by the hack, and would absorb all the losses itself rather than pass them on to users.
⚠️ Important point: Total withdrawals are not the same as net outflows, because money was also deposited on the platform during the same period.
📉 Despite the scale of the crisis, Binance says the pace of withdrawals has started to ease and is approaching normal levels.
Read the figures carefully before judging the platform’s situation. 👀
#Binance #Crypto #Bitcoin #CryptoMarket #Blockchain
