Binance CEO Addresses Misleading Data On Crypto Outflows
CZ Refutes Reported Outflows As Inaccurate According to CZ , Binance ’s internal data reveals a net outflow of approximately $392 million within the last 24 hours. He pointed out that certain third-party Analysis firms determine outflows by measuring changes in Asset Under Management (AUM) in USD equivalent, which includes the impact of crypto price drops. CZ emphasized that this approach may not accurately represent the actual outflows and that it combines two distinct concepts. Read More: Hong Kong Legislator Invites Coinbase To Establish Crypto Operations Moreover, the 46-year-old crypto mogul clarified that while crypto price drops reduce AUM, they should not be classified as outflows. While arguing that the public wallet addresses of Binance make it possible for anyone to track the movement of funds, CZ noted that some analysis firms solely measure outflows without considering inflows — which can lead to a skewed representation of Binance’s asset movements. ...