Binance’s On-Chain Balance Stands at $64B, Nansen Data Shows.
Blockchain is transparent.
#Binance handles billions of both deposits and withdrawals daily. We saw a bit of net outflow yesterday, smaller than "BUSD" or "FTX" days.
https://t.co/KFU4twVPiR
Some (including me) say this will "set the industry back a few years." But thinking about it, this is natural. There will be failures with progress. Happened in regulated TradFi in 2008, after 70+ years of development. The industry will recover quickly, and become stronger.