Binance changed stakes to liquidate over $75M in SHIB

Hull Invest

On January 10th at 08:00 UTC, Binance de-staked Shiba Inu (SHIB) worth $110.28 million and re-staked 4 trillion SHIB tokens. This equates to approximately $34.84 million. data Shared by Arkham Crypto Intelligence.

The transfer was made on ShibaSwap and $75.44 million, or 8.661 trillion of SHIB tokens were not staked. Tokens are stored in Binance’s 0xf97 wallet. These transactions also became the largest staking and unstaking transactions on ShibaSwap over several months.

Binance outflow

According to a Forbes report, on January 9, $12 billion worth of cryptocurrencies were withdrawn from Binance in the last 60 days. The report also revealed discrepancies between the exchange’s statements regarding its reserves.

Binance lost $3 billion in assets in a week in early December. This represents his 4% of total assets. At the same time, Binance CEO Changpeng Zhao (CZ) assured the community that the amount withdrawn was not even the largest in his Binance history, so there is nothing to worry about. However, the exchange has since lost 15% of his assets, according to reports.

CZ noticed the report and mentioned it on his Twitter account, reminding his followers to “ignore FUD, fake news, and attacks.”

Source: cz_binance
sauce: cz_binance

Read the latest market report

Leave a Reply

Your email address will not be published. Required fields are marked *