- The world’s largest crypto exchange company, Binance has said investors are redepositing funds
- The Chief Executive officer of the company, Changpeng Zhao said that about $1.4 billion in withdrawals happened recently
- He said the company would surmount its current challenges after it paused withdrawals to enable currency swap
Changpeng Zhao said on Wednesday, December 14, 2022, that the situation at Binance is now stable in order to douse investors’ fears after the firm was forced to halt withdrawals.
CZ stated that about $1.4 billion of net withdrawals happened on Tuesday, December 13, 2022, but said on Twitter that it was not the highest withdrawals the firm has processed, stating that deposits are coming back.
