Rapid Insights: Analyzing Binance Withdrawals

Over the past few days, rumors started spreading regarding Binance’s financial health, which resulted in growing concerns amongst both retail and institutional investors, especially after the collapse of FTX. As centralized exchanges (CEXs) come under greater scrutiny by the crypto community, every action taken by CEXs can be a cause for concern and panic. However, on-chain data can shed light on some of the allegations made against Binance.

A list of the concerns surrounding Binance post-FTX collapse can be found below: