More than $800 million has been exited from Binance in the last 24 hours following pressure from US regulators.
The US regulatory agencies’ increasing pressure on the stock markets in recent days continues to shake the confidence of users in the sector. Finally New York Department of Financial Services (NYDFS) on the radar Binance USD (BUSD) issuer Paxosreported that the production of the stablecoin in question will be stopped.
After this situation, although Binance CEO CZ said that the funds were safe, he could not prevent the panic atmosphere and increase in exits from the stock market seen. According to Nansen data, Binance stock market in the last 24 hours Net output of $831 million it happened. The voluminous outflow has been in the 24-hour period since December 17, when Binance’s data was removed from the website of proof-of-reserve auditor Mazars. recorded as the largest net output passed.
On the other hand, according to data presented by on-chain analytics platform Dune, it was released from Binance on February 13. Ethereum (ETH) output 900 million dollars exceeded. This data is the biggest on Ethereum since November 24. one day out was defined as.
A Binance spokesperson, who made a statement on the subject, reiterated that the funds are safe. Spokesperson, the stock market that they meet all withdrawal requests and that there is no liquidity problem. told:
We run a very simple business model. We keep assets under surveillance and generate revenue from transaction fees. We take our responsibility as a custodian seriously and continue to provide 1:1 support for each user asset.