Binance, the world's biggest crypto exchange, saw withdrawals of $1.9 billion in the last 24 hours, blockchain data firm Nansen said on Tuesday, as the platform said it had 'temporarily paused' withdrawals of the USDC stablecoin.
Representation of cryptocurrency Binance Coin, the native token of the cryptocurrency exchange, is seen in this illustration taken November 29, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
Binance, whose dominance of crypto was cemented by the bankruptcy of rival exchange FTX, last week tweeted a so-called proof-of-reserves report by audit firm Mazars. The report showed its holdings of bitcoin exceeded customer deposits on a single day in November.The $1.9 billion figure marks the largest daily outflow since at least June, the Nansen data showed, and accounted for the majority of the $2.2 billion in etheruem-based withdrawals during the last seven days.
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