$8 billion flowed out of exchanges in the last 7 days

FlavienNovember 15, 2022

Less than a minute

$8 billion flowed out of exchanges in the last 7 days

Ever since the FTX debacle started, large quantities of BTC, ETH and stablecoins have been withdrawn from exchanges. The recent events have shattered the customers’ trust in the exchanges’ capabilities to back the funds. In a single week, more than $8 billion have flowed out of CEXs, taking the reserves at their lowest level since November 2018.

Stay ahead of the game with our DeFi News.
Boost your knowledge about DeFi with our DeFi Encyclopedia.

Flavien

Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.