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
Read more on cryptonews.com