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Binance Withdrawals Surge as Paxos-BUSD Drama Weighs on the Exchange

Binance has endured some $831 million of net outflows in the past 24 hours, Nansen data shows. Monday’s outflow is the largest in a day since November.

By Krisztian Sandor

Updated Feb 13, 2023, 11:00 p.m. Published Feb 13, 2023, 11:00 p.m.

Monday's net outflows from Binance reached similar levels as during the peak fear about the exchange’s reserves in December. (Nansen)