Binance said that about 9.5 hours after withdrawals resumed, net outflows were approximately $3.64 billion, equivalent to 2.1% of customer assets. The denominator for this percentage is not total outflows, but the $171 billion in customer assets in the October 28 PoR snapshot; the numerator is $4.65 billion in withdrawals minus $1.01 billion in deposits.
Deposits lowered the numerator, so 2.1% measures how much left net, not how much was withdrawn in total. Binance said an updated PoR is expected to be published on November 2 UTC; until then, the denominator that can be verified against is still the old snapshot.
Deposits lowered the numerator, so 2.1% measures how much left net, not how much was withdrawn in total. Binance said an updated PoR is expected to be published on November 2 UTC; until then, the denominator that can be verified against is still the old snapshot.
