CZ: Binance saw a net outflow of approximately $392 million in assets over the past 24 hours.

According to a BlockBeats report on June 10th, Binance founder CZ posted on social media that the platform had a net outflow of approximately $392 million in assets in the past 24 hours. "Our platform wallet addresses are public. Some third-party analyses measure changes in AUM (assets under management) in terms of US dollars, including 'outflows' caused by the decrease in cryptocurrency prices (reducing AUM). These are two different concepts." "Some even only measure outflows, not inflows. On days with drastic price fluctuations like today, many arbitrage traders transfer large amounts of funds between various trading platforms, often several times more than usual." For reference, Binance processed a net outflow of $7 billion in assets on a single day in November last year.