Nansen Report: Binance’s Total Asset Holdings Remain Stable After DOJ Settlement
Binance’s total asset holdings have remained largely unchanged following the recent settlement of civil and criminal charges between the crypto exchange and CEO Changpeng “CZ” Zhao and US authorities.
According to a report by blockchain analytics firm Nansen, there hasn’t been a significant outflow of funds from the exchange despite the settlement.
The analysis revealed that within 24 hours of the US Department of Justice announcing a $4.3 billion settlement with Binance , there was a net outflow of approximately $956 million worth of Ethereum from the exchange.
However, Binance’s overall holdings have actually increased, surpassing $65 billion.
Here's our latest update on @binance, 12 hours after our previous one
At the time of writing, withdrawals are continuing, and we're not seeing a mass exodus of funds
Over the past hour on Ethereum, Binance has a $17M negative netfow (more leaving the exchange than what's… pic.twitter.com/yQPtMl5ue8
— Nansen
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