Jiang Zhuoer: Binance's potential loss accounts for 1.6% of user assets, and a large-scale wave of withdrawals is not expected

Odaily reports: Jiang Zhuoer, founder of Litecoin Pool, posted on X platform that Binance's potential loss accounts for a limited proportion of user assets and is not expected to trigger a large-scale wave of withdrawals.

He compared this situation with the Bybit theft incident in February 2025: Bybit was hacked for approximately $1.46 billion at the time, accounting for 9.01% of its approximately $16.2 billion in user assets; if Binance's gross outflow this time is $5.64 billion, of which $3 billion has been frozen, the net amount after deduction would be approximately $2.64 billion, accounting for 1.6% of its approximately $165.12 billion in user assets.

In addition, the gross outflow may also include internal fund transfers by the platform and normal user withdrawals, and cannot all be regarded as stolen funds. Binance is capable of bearing the relevant losses.