The largest crypto exchange, Binance has recorded a net outflow of nearly $1 billion in the past 24 hours as its founder Changpeng Zhao aka CZ pleads guilty over money laundering charges on November 21.
A Dune dashboard by 21.co, shares that Binance had an inflow of approximately $1.78 billion in the past 24 hours whereas it has outflow of over $2.73 billion. Both these amounts put the exchange with a net outflow of $946 million.
While the recent turmoil around Binance has pushed down the exchange, the competitor exchanges are benefiting most out of it with OKX exchange seeing an inflow of over $152 million during the past 24 hours.
Binance is still the largest cryptocurrency exchange with a total asset value over $67.7 billion, according to data from DeFiLlama.
Also Read: Binance Founder Changpeng Zhao To Be Released on $175M Bond
