Outflows from Binance reached $5 billion in two days following criminal charges rumors
According to Crypto Analytics Portal delphi digitalOver $5 billion was withdrawn from major cryptocurrency exchange Binance in a two-day period between December 13 and 14. The outflow was triggered by rumors that US prosecutors were considering charging Binance and the authorities with money laundering and sanctions violations.
The outflow was the largest since the black-and-yellow crypto giant began releasing its proof of reserves on Nov. 10. Back then, during the period of extreme market turbulence caused by the FTX collapse, $2.3 billion were withdrawn from Binance in a short period of time.
Binance (BNB): current state of affairs
Today it emerged that audit firm Mazar, which audited Binance and other exchanges, will suspend services to crypto customers.
In the last 24 hours, however, according to Nansen, net outflows from Binance were $316.3 million, where with inflows of $783.8 million, $1.1 billion were withdrawn through key networks.
At the moment, the publicly declared wallets of the exchange-ecosystem hold $57 billion in assets. Of this amount, 26.94% is in BUSD, 20.83% in USDt, and 14.79% in Bitcoin (BTC). Binance’s own token, BNB, is at 9.95%. Since the start of the week, BNB is down by 12.24% and is now trading at $249.8 per coin.
