🚨 Binance# gradually resumed withdrawals… but the number you should be worried about isn’t $3.64 billion—it’s the question that remains unanswered.
The platform opened withdrawals for additional networks and assets today, while deposits continued as usual.
In the first 9.5 hours, Binance processed about $4.65 billion in withdrawals versus $1.01 billion in deposits—a net outflow of $3.64 billion, or 2.1% of its assets under management.
But note: this isn’t necessarily an “exodus”; a large portion of the funds moved to self-custody wallets or other platforms, and withdrawals began slowing after peaking.
The key point: Binance covered about 95% of the affected assets and restored backing for coins such as $BTC , $ETH , USDT, BNB, and $SOL on a 1:1 basis.
The real question now is: Do users trust the platform now that service has resumed… or will they wait for the full incident report before deciding?
Because covering the loss addresses the financial impact, while trust is built through transparency and execution, not promises.
💬 How much do you trust Binance, and why? Would you deposit money after an incident, or withdraw?
#BinanceIncidentReport #crypto
The platform opened withdrawals for additional networks and assets today, while deposits continued as usual.
In the first 9.5 hours, Binance processed about $4.65 billion in withdrawals versus $1.01 billion in deposits—a net outflow of $3.64 billion, or 2.1% of its assets under management.
But note: this isn’t necessarily an “exodus”; a large portion of the funds moved to self-custody wallets or other platforms, and withdrawals began slowing after peaking.
The key point: Binance covered about 95% of the affected assets and restored backing for coins such as $BTC , $ETH , USDT, BNB, and $SOL on a 1:1 basis.
The real question now is: Do users trust the platform now that service has resumed… or will they wait for the full incident report before deciding?
Because covering the loss addresses the financial impact, while trust is built through transparency and execution, not promises.
💬 How much do you trust Binance, and why? Would you deposit money after an incident, or withdraw?
#BinanceIncidentReport #crypto