Changpeng Zhao, CEO of Binance, announced that with the collapse of the market, there was a $ 392 million exit from the stock market in the last 24 hours.
With the collapse of the market, huge outflows were seen from many crypto exchanges. Commenting on the topic BinanceCEO of CZ announced that the last 24-hour exit on the exchange was worth $392 million. With this collapse, there was volatility in almost all data related to the crypto industry, not just stock market data.
According to our data, last 24hrs, @Binance net outflow is about $392m.
Our wallet addresses are public. Some 3rd party analytics measure Change in AUM (asset under management) in USD equivalent as outflow. This would include crypto price drops (which decrease AUM) as "outflow".…
— CZ 🔶 Binance (@cz_binance) June 10, 2023
Social Media Sharing from CZ Continues
After the collapse in the morning, comments continue to come from many officials and companies. CZ, who usually shares about the activities in Binance, announced a striking data about the stock market this time. Stating that 392 billion dollars outflow from Binance in the last day, CZ created a panic atmosphere in crypto investors.
