This has been in the news and it seems Binance has weathered it.
Quote:
The world’s biggest crypto exchange, Binance, is battling to shore up confidence after a surge in customer withdrawals and a steep drop in the value of its digital token.
The exchange said it dealt with net outflows of around $6 billion over 72 hours last week “without breaking stride” because its finances are solid and “we take our responsibility as a custodian seriously.”
|
But Reuters reports on the lack of transparency. Good read
https://www.reuters.com/article/fint...-idAFL8N3392RD
I'm going to guess there will be much more scrutiny in Binance's future.