$1.2 billion worth of crypto left Binance in the last 24 hours

Cryptocurrency investors withdrew close to $1.23 billion worth of crypto in one day from the leading centralized exchange (CEX), Binance.

The massive outflow followed news about Binance’s and Changpeng Zhao’s (CZ) settlement with the Department of Justice (DOJ) of the United States. As part of the agreement, Binance will pay a $4.32 billion fine, and CZ, Binance’s former CEO, has now left its role in the company.

Notably, the exchange has the largest cryptocurrency reserves, currently holding $67.65 billion worth of crypto, of which $59.51 billion are “Clean Assets.” Finbold retrieved this data on November 22 from DefiLlama, which describes “Clean Assets” as all cryptocurrencies not issued by Binance itself.

Interestingly, the 24-hour outflow of $1.229 billion is 32% lower than the first payment of $1.81 billion to the DOJ, which must happen within the following 15 months.

It is also notable that OKX, the second-largest centralized exchange by assets under custody, registered a 24-hour inflow of $98.83 million. However, Bitfinex lost $20.16 million of its $9.09 billion clean assets in the third position. OKX currently holds $12.03 billion in assets.

Binance reserves: BTC, ETH, and BNB

As of November 1, Binance was reportedly holding 609,310.54 BTC ($22.24 billion), out of which 584,659.077 BTC belonged to its customers. Essentially, the exchange self-audited its Bitcoin (BTC) reserves at Bitcoin’s block height of 814748.

Moreover, Binance’s registered Ethereum (ETH) total holdings were 4,119,859 ETH ($8.24 billion), out of which 3.91 million ETH came from its customers. Meanwhile, the centralized exchange holds 34.78 million of its native token, BNB Chain (BNB).

However, recent events might drastically change Binance’s crypto holdings. The changes will be visible in the next Proof of Reserves by the leading CEX and are set to happen by December 1.