Binance, the digital currency exchange, has seen a lot of withdrawals in the past 24 hours, as investors are anxious about recent information about Paxos and the relatively stable Binance dollar (B dollar).

In addition, according to PeckShield, there has been a marked redemption of US dollar tokens, which has cost US $342 million in the past 24 hours.

On February 12th, according to media reports, the Foreign Securities and Exchange Commission (Securities And Exchange Commission) issued a notice that law enforcement action may be taken against Parksos. It claims that stablecoin is an unregistered security, a claim Paxos denies.

Statistics compiled by Nansen, a blockchain technical information service platform, show that the net outflow of 24-hour multi-chain dynamic passwords recorded by Binance is $788.5 million, mainly due to an outflow of $2.7 billion exceeding the injection of about $1.97 billion.

This was the largest 24-hour net outflow since December 17, according to Dune Analytics, when Binance's reserves confirmed that financial audits had been deleted from the audit firm Mazars' platform.

A spokesman for Binance told Cointelegraph that "fund SAFU"-which applies to user-centric safe asset equity funds-echoes what BinanceCEO Zhao Changpeng said earlier on Feb. 13.

The spokesman added that there was a recent sale on the exchange, which left "more than $1 billion" within 12 hours, and claimed that "the management method is very easy."

"our own operating model is relatively simple-escrow assets and get paid from transaction costs," says Binance. "

"everyone conscientiously fulfilled their responsibilities as custodians and maintained strong support for every customer asset at 1:1."

The New York City Financial Services Center (NYDFS) ordered SEC to stop issuing dollars on Feb. 13 after Paxos took action and received a tip from the circle of publishers of dollar coins (USDC).

Capital outflows and dynamic password incineration seem to be responses to such things, with login password customers TX from thrusters for fear of further stringent regulatory behavior.

Binance has the largest number of foreign exchange holdings in US dollars, with stable assets worth $14.4 billion, about 90 per cent of its current valuation of $16.1 billion.

The password exchange also has foreign exchange holdings worth about $60 billion, of which 22% is made up of US dollars.