Changpeng Zhao (CZ), CEO of Binance, the world’s largest cryptocurrency exchange, has rebelled, noting that the exit data of analytics platforms are not entirely accurate.
Binance CEO CZ posted on his official social media account on June 10. in the shipmentweekend in altcoins made a statement about the exits on the stock market after the big drop.
CEO CZ, on-chain from the stock market of analytics platforms exit data by wrong means than what actually happens, claiming that you are measuring that you look high And 9-10 June your net exit 392 He said it was millions of dollars.
CEO, wallet addresses Open to everyone while reminding that the platforms applied wrong measurement He made the following statements about his methods:
Some 3rd party analytics measure the change in AUM (asset under management) in USD as an exit. This “exit” includes price drops of assets in AUM. Actually, they are two different things.
In addition, CZ also supports some platforms. Only from the stock market exit handles data and entrance data not taking into account stated.
on the other hand high volatility And sharp price movements in his days arbitrage traders compared to normal days. more fund transfers CZ pointed out that the net exits were realized between 9-10 June. 392 million He said it was dollars.
CEO to users reference in one day in November, when the FTX bankruptcy took place. 7 billion dollar clear output reminded of what happened.
Analytics platforms measure exits in billions
The latest in analytics platforms in 7 days The data he shared on Binance exits was as follows:
- nansen, in the last 7 days 2.36 billion from Binance the US subsidiary of the stock market, while the dollar stated that there was an exit. from Binance.US If the outputs 123.7 million Turned out to be dollars.
- defecation, Binance outlets 3.44 billion is the dollar glassnode if your exits are in the last 7 days 1 billion He said it was limited to dollars.
accused of fraud
US Securities and Exchange Commission (SEC), To Binance on June 5 misuse of client funds use and 13 separate filed a lawsuit. former chairman of the SEC many actors, including Binance bankrupt cryptocurrency exchange FTX about the stock market by comparing with implying a swindler had been found.