Binance exchange daily BTC withdrawals top $500M as CZ says 'FUD helps us grow'
Bitcoin withdrawals surge as Binance recovers from a media storm and subsequently accusations of suspicious activity. Bitcoin (BTC) withdrawals from largest crypto exchange Binance have passed $500 million in the past 24 hours as its CEO calls out “FUD.” Data from on-chain monitoring resource Coinglass shows Binance’s BTC balance decreased by over 30,000 BTC into Dec. 13. CZ: FUD is "thoroughly annoying" The latest hotspot for fallout from the FTX debacle, Binance has joined exchange s seeing an exodus of user funds. According to Coinglass, users withdrew 30,300 BTC ($515 million) in the 24 hours to the time of writing, this accounting for the majority of the week’s 40,150 BTC total. The abnormal behavior comes as Binance battles what its CEO, Changpeng Zhao (also known as CZ) blanketed as “FUD” on social media. As Cointelegraph reported, nerves initially became frayed after a report in Reuters suggested that the exchange would become a target of a United States money launde