GM crypto fam.
Since I'm pretty busy and can't keep track of everything, even though I'd like to, this is something that I don't understand very well and would like to get your opinion on.
So, Binance recently halted USDC withdrawals because outflows reached $2B, which indicates to me that many investors are worried about their state, even tho they resumed withdrawals shortly after that.
Binance is probably the wealthiest and most healthy crypto exchange out there. They made that clear when they published the data about their exchange reserve funds which were at around 70 Billion $ if i remember correctly. That being said, i think there is no company out there in the world that is absolutely 100% bullet proof against a possible bankruptcy, so of course it is also possible hat Binance gets in trouble. The bad thing about such rumors and news is, that they are triggering a chain reaction. First a few big players start to withdraw their funds from an exchange and then as soon as this gets noticed more and more other investors are doing the same.