00:00 Speaker A

Binance records 6 billion outflows after starting withdrawals, less than 4% of total holding. So this number continues to update. It continues to be new. The last time I had actually checked this, it was just over 4.65 billion, but interestingly, they’ve also had well over a billion dollars in deposits. So there’s still a lot of trust in Binance here. But the moral of the story here is that Binance has a massive balance sheet.

00:27 Speaker A

I told you about this on Friday, right? Over $150 billion in customer assets.

00:32 Speaker A

In this case, even a $6 billion hack was not a big deal for Binance because they are uniquely positioned as the largest exchange in the world. Now, it’s…