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CryptoGlobe

2022-12-14 03:51:00

Binance Records Over $3 Billion in Outflows as Its Proof of Reserves Fails to Calm Investors

Binance Records Over $3 Billion in Outflows as Its Proof of Reserves Fails to Calm Investors

Leading cryptocurrency exchange Binance has recorded over $3 billion in outflows over 24 hours as investors are pulling their funds off of the platform amid concerns it may not be able to honor withdrawals in case of a bank run. According to data from Nansen the exchange has recorded its highest daily withdrawals since June,

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