Binance CFO Zhao Changpeng: Binance experienced a net outflow of approximately $400 million in a single day, having processed up to $7 billion by the end of last year.

On June 10th, Binance founder Zhao Changpeng stated: "According to our data, the net outflow from Binance in the past 24 hours is approximately $3.92 billion." This figure is significantly different from the exaggerated outflow amount circulating online.

Binance's Zhao Changpeng: Issues with Third-Party Analysis and Statistics

Binance founder Zhao Changpeng explains: "Our wallet addresses are public. Some third-party analysis companies calculate changes in asset management in terms of US dollars or equivalent, and consider it as fund outflows. This will also regard the decline in cryptocurrency prices as 'fund outflows'. However, these are two different situations."

He further explains that some people only track outflows and do not track inflow amounts.

Binance founder Zhao Changpeng stated, "On days with such drastic price fluctuations like today, many arbitrage traders move large amounts of funds between major exchanges, usually many times more than on normal days." On that day, Robinhood announced the delisting of ADA, SOL, MATIC, causing a significant impact on the entire crypto market.

Zhao Changpeng also hinted at the situation when FTX collapsed. He mentioned, "For reference, on a certain day in November last year, we processed a net outflow of $7 billion." Indicating that the scale of fund outflows at that time was much larger than it is currently.

Currently, the free platform DeFiLlama also provides exchange transparency information.