Binance Experiences Massive USDT Outflows Amid Market Uncertainty

Binance has experienced significant outflows of its USDT stablecoin in the past 24 hours, with a total of $280 million being withdrawn.

This development comes as a result of growing concerns over the stability and security of Binance's operations, particularly following the recent collapse of FTX.

The sudden spike in outflows is a major concern for the cryptocurrency market, which has already been shaken by the demise of several prominent exchanges.