Deposits Already Coming Back to Binance?

Various individuals in the last few days have posted about withdrawing their funds from Binance and there have been reports of billions of dollars being taken off the exchange within only 24 hours. It is a test that CZ seemed to welcome among many others, suggesting that it would help to build credibility for those exchanges which passed the test.

They also don't look to be like the only exchange that saw significant withdrawals within the last few days either.

Some exchanges seem to have seen more withdrawal pressure than Binance despite all of the FUD which appeared to be centered around one in particular.

https://twitter.com/edgar_chain/status/1603058187569094657

Along with the heavy coverage of the SBF situation this week there have been some surprising allegations made too against Binance such as the notion that they might've allegedly caused the collapse of FTX, though critics point out FTX failed because of FTX and not because of anyone else.

It has been an interesting week for the cryptocurrency community and the negative headlines and comments haven't helped to boost optimism with those who might have been on the fence about what this industry has to offer. Still, there are many around the world who remain building, hodling, and working on that future.

Pics:
pixabay
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This is not financial advice
Sources:
https://www.cnbc.com/2022/12/14/binance-ceo-cz-deposits-coming-back-in-but-bumpy-road-ahead.html
https://ca.finance.yahoo.com/video/binance-ceo-says-withdrawals-stabilized-144631903.html
https://www.bloomberg.com/news/articles/2022-12-14/crypto-s-binance-seeks-to-reassure-over-reserves-says-debt-free