$12 Billion Of Binance Asset Gone In Less Than 60 Days

In the wake of the collapse of Binance rival, FTX, investors have been pulling their crypto in recent weeks. Customers withdrew a net $360 million on Friday, according to data from crypto data firm Defillama.Investors’ lack of trust is best seen in the performances of Binance Coin (BNB) and Binance USD (BUSD), the two tokens bearing the exchange’s name. BNB lost 29% of its value in the past two months, and Forbes estimates that leaves about 29 million of the tokens at Binance, 51% less than disclosed by the exchange on November 10. Meanwhile, the number of BUSD stablecoins at the firm sank by 40%.

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