Binance clients have withdrawn $12 billion.

[{"selector":"#anim-508535ef-d0aa-4bfb-99a3-6ae614d34e23 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(57.906447973946364%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Over two months, crypto exchange customers withdrew $12 billion according to a Forbes report

[{"selector":"#anim-134ba584-92a1-43bf-b828-f08892037fd6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-3.7087912637845264%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Customers withdrew funds from the exchange amid a crypto market confidence crisis.

[{"selector":"#anim-f22323ea-af54-4921-b0e4-c4fadb89a306 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(45.13221160548907%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] The publication's withdrawals occurred between November 4 and January 4, during FTX's collapse.

[{"selector":"#anim-77d2b2fa-3869-419b-a756-d7d1328b66bd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-24.974011837467813%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Binance lost 18%–31% of its assets on November 4 because to the $12 billion loss.

[{"selector":"#anim-bc34b943-dacb-42c3-9be7-acc7311fdd57 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Binance processed withdrawal requests without difficulties in the 61-day timeframe.

[{"selector":"#anim-cce071ca-06f0-473f-b581-57aa7e4794f0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(12.692307891069328%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] CEO Changpeng "CZ" Zhao has declared billion-dollar losses are "business as usual" for the exchange.

[{"selector":"#anim-16b5b319-6b8d-4afd-bfdf-1448a8703402 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Binance, the largest crypto exchange, has seen client exodus following FTX's November meltdown. Learn more