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Binance Withdrawals Surge as Paxos-BUSD Drama Weighs on the Exchange

Binance has endured some $831 million of net outflows in the past 24 hours, Nansen data shows. Monday’s outflow is the largest in a day since November.

Monday's net outflows from Binance reached similar levels as during the peak fear about the exchange’s reserves in December. (Nansen)
Monday's net outflows from Binance reached similar levels as during the peak fear about the exchange’s reserves in December. (Nansen)