The outflow compares with about US$7 billion withdrawn from Circle's USDC stablecoin over a week after the collapse of Silicon Valley Bank in 2023. Binance itself processed net outflows of about US$6 billion over 72 hours following the collapse of FTX in December 2022.
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Binance says customers pulled net US$4.7b after hack as crypto world weighs risk
The outflow compares with about US$7 billion withdrawn from Circle's USDC stablecoin over a week after the collapse of Silicon Valley Bank in 2023. Binance itself processed net outflows of about US$6 billion over 72 hours following the collapse of FTX in December 2022.
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