Binance CEO Changpeng Zhao (CZ) posted that 12 hours after withdrawals resumed, Binance saw a net outflow of 2.1% of its assets, with over $1 billion in funds flowing out, most of which occurred in the initial hours. He emphasized: "Trust is not earned by words in good times, but by actions in tough times."
According to a previous announcement from Binance, the platform began a phased resumption of withdrawals at 06:00 UTC on November 1. As of 15:30 UTC on the same day, $4.649 billion in withdrawals and $1.01 billion in deposits had been processed, resulting in a net outflow of approximately $3.64 billion, representing 2.1% of its total assets under management (AUM) of $171 billion.
Binance CEO Changpeng Zhao: Net outflow of 2.1% after 12 hours of withdrawal resumption, with over $1 billion in capital movement
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