After Binance was heavily sued by the SEC, not only did the platform currency BNB fall all the way below $240, hitting a new low in 6 months, but the platform's assets also had a net outflow of US$2.18 billion in half a day, causing investors to worry whether it would become the next FTX to have a run.

However, is Binance really facing a crisis of capital outflow? In fact, the total assets of Binance's public addresses have not decreased significantly. In the past week, Binance's total assets have decreased by about 13%, which is mainly due to the decline in cryptocurrency prices. In the past 7 days, most assets have fallen by between 6% and 38%.

Regarding issues related to platform funds, CZ stated on Twitter that the net outflow of assets on the Binance platform was approximately US$130 million in the past 24 hours.

He explained: Our platform wallet address is public. Some third-party analysis considers changes in AUM (asset management scale) measured in US dollars as outflows, which also includes "outflows" caused by falling cryptocurrency prices (reduction in asset management scale).

They are two different concepts. It is worth mentioning that CZ also emphasized that when FTX collapsed last year (November), Binance processed more than $7 billion in net outflows in one day.

Will there be a run on Binance?

The answer is definitely no! I believe cz is very stable!