DD Support Board and Research Team

[CHUNKY44]

....Despite the sizable withdrawals, Binance still holds about $58.9 billion in assets, according to Nansen data cited by Decrypt.

That's not exactly correct. $58.9 billion is the FMV of the Total Customer Deposits at the time of the screenshot, you can see the current amount here -https://portfolio.nansen.ai/dashboard/binance

You can find total customer deposits on the balance sheet of a financial institution, but it's a liability, not an asset.

Mazars reported a 101% collateralization ratio for the 575,742 Bitcoin in net customer balances as of midnight UTC on November 22.

Bitcoin makes up 25% of the value of their total tokens. Wonder what the "collateralization ratio" is for the other 75%.