As of November 22 at 23:59 UTC, Binance users collectively held 575742.4228 BTC — that’s around $9.5 billion at today’s exchange rate. The Binance proof of reserves site is still showing that BTC figure despite reports of billions of dollars in withdrawals from Binance.
This dashboard is quickly becoming the most popular on @nansen_ai
Recommend checking it out 👀 https://t.co/Zpw2dQOG1a
— Alex Svanevik 🐧 (@ASvanevik) December 13, 2022
This suggests about $6 billion worth of BTC deposits remain with Binance.
The Binance coin is still at $241. This is down from peaks of value of over $600 in 2021.
There remain many questions about Binance. Binance is unregulated and all control rests with the primary owner CZ.
Binance has multiple registrations and locations but no real headquarters.
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