As binance withdrawals surge, CEO cz_binance warns of turbulent times ahead, and SBF_FTX is denied bail by the Bahamas.
as concerns over its proof-of-reserves report spook traders.
The exchange has endured $902 million of net outflows in the last 24 hours, according to data from Nansen. Binance’s net outflow has surpassed those of all other centralized exchanges’ and is almost nine times larger than the second-largest outflow. It is also the highest outflow for the exchange since Nov. 13, which was two days after rival exchange FTX filed for bankruptcy protection.
should be denied bail. Bankman-Fried's attorneys initially asked the judge to consider that he be released on $250,000 bail, arguing he needed to be able to regularly take medication, including Zyrtec, an over-the-counter allergy medication, and keep to his vegan diet. Prosecutors in the Bahamas argued that granting Bankman-Fried bail would go against a treaty with the U.S. that requires defendants to be held in custody pending extradition proceedings.
Glassnode includes BUSD, GUSD, HSUD, DAI, USDP, EURS, SAI, sUSD, USDT and USDC while calculating the total stablecoin balance held on exchanges.
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