Security· ★★★★· neutral· October 30, 09:22

Jiang Zhuoer: Binance losses equal 1.6% of user assets, no mass withdrawal expected

—Binance losses estimated at ~$2.64 billion, or 1.6% of $165.12 billion in assets
—$3 billion of the $5.64 billion gross outflow has been frozen
—The February 2025 Bybit hack affected 9.01% of its user funds
—Part of the outflow is internal transfers and routine user withdrawals

Why it matters: Framing the losses as a small share of total assets could curb panic and prevent a run on Binance.