Some large #BNB transfers/burn will happen on-chain. No need to FUD.
Our team is doing the BNB (ERC20) to BNB (BEP2) convert. ie, burn ERC20 and release BEP2. More details in this blog 👇.
Happy Sunday!
https://t.co/8E3MIkfILe
🔥 VeChain teams up with United Nations to fight 17 key areas for advanced sustainability in digital ecosystems
https://t.co/8JtbNWxY7n #crypto#blockchain $VET #VET#VeChain
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Things seem to have stabilized. Yesterday was not the highest withdrawals we processed, not even top 5. We processed more during LUNA or FTX crashes. Now deposits are coming back in. 🤷♂️💪
We saw some withdrawals today (net $1.14b ish). We have seen this before. Some days we have net withdrawals; some days we have net deposits. Business as usual for us.
I actually think it is a good idea to “stress test withdrawals” on each CEX on a rotating basis. 💪
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