Exchanges· ★★★★· bearish· October 30, 10:56

Institutional investors pull funds from exchanges after Binance hack

—Institutions accelerated withdrawals from CEXs after the Binance breach
—Outflows affected not only Binance but other major exchanges
—Exact amounts withdrawn were not disclosed

Why it matters: Institutional flight from exchanges could add selling pressure and speed up migration to DEXs and custodial solutions.

Source: CoinDesk

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