The head of major crypto exchange Binance says deposits are returning, a day after it halted some stablecoin withdrawals.
The head of major crypto exchange Binance says deposits are returning, a day after it halted some stablecoin withdrawals.
Within just 24 hours, Binance saw withdrawals of $1.9 billion, the largest such outflow since June.
Binance, whose dominance of the cryptocurrency market was cemented by the fall of 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.
