A post by @cz_binance on X.
12 hours after withdrawals resumed: 2.1% net outflow, with most occurring in the first couple of hou…
@cz_binance on X
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Binance CEO Changpeng Zhao (CZ) said that 12 hours after the exchange resumed withdrawals, net outflows stood at 2.1%, with most of the movement occurring in the first couple of hours and total flow exceeding $1 billion. CZ framed the figures as a vote of confidence, noting that 98% of assets chose to stay on the platform. The statement comes amid heightened scrutiny of Binance's reserves and withdrawal processing, making the outflow rate a key gauge of user sentiment. The modest net outflow relative to total flow suggests the exchange absorbed significant redemption pressure without further disruption. Investors and analysts will be watching whether outflows continue to taper in the coming days and whether Binance provides additional proof-of-reserves disclosures to sustain confidence.
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Binance, Changpeng Zhao