Replies to post #206795 on 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%.

[BullNBear52]

Binance’s native BNB token plunges to lowest since July as concerns mount about withdrawals, FTX ties
PUBLISHED FRI, DEC 16 20224:42 PM ESTUPDATED FRI, DEC 16 20228:37 PM EST

KEY POINTS
BNB, the coin created by crypto exchange Binance, dropped 6.5% in the past day and 15% over the last week.
Binance is facing questions over its ability to handle potential clawback demands of $2.1 billion in FTX’s bankruptcy proceedings.
Binance had been an early and major investor in FTX and looked as if it may bail out the rival exchange before opting against the acquisition.

https://www.cnbc.com/2022/12/16/binances-native-bnb-token-plunges-to-lowest-since-july.html

The latest issue looming over Binance is FTX’s bankruptcy proceedings. Binance was the first outside investor in FTX. In exiting its equity position in the company last year, Binance received payment equal to roughly $2.1 billion.

In an interview with CNBC’s “Squawk Box” on Thursday, Binance CEO Changpeng Zhao dismissed concerns that his company could have that money clawed back as FTX winds its way through bankruptcy court and trustees look to retrieve any fraudulent conveyances made by FTX to outside businesses or investors.