Post
Topic
Board Altcoin Discussion
Re: Huge Binance outflows - should we be concerned?
by
eaLiTy
on 17/12/2022, 18:30:17 UTC
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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.
Now this is surprising, after FTX, many are speculating what Binance would be doing in a situation where majority of the users started to withdraw their funds and all the media were focusing on how Binance runs their business and even Kevin O'Leary who is a paid spokesperson for FTX testified before congress that Binance was the reason for FTX bankruptcy and now they have halted withdrawal which is really worrying as you never know what is going on behind the scenes. I would move all my coins from the exchange when you hear news like these.