$ETH $BTC $The Binance company saw $800 million of outflows in some of the largest cryptocurrencies over the past day.
About $800 million worth of Bitcoin, Ether, and the USDT and other stablecoins were withdrawn from the crypto exchange after news of the agreement initially broke on Tuesday, according to digital asset data and index provider CCData.
But experts told Fortune that the outflows are actually lower than many expected after the company and founder Changpeng "CZ Zhao reached a deal with U.S. prosecutors and regulators.
While the multibillion-dollar penalty was a blow for the world's largest crypto exchange, it will continue to operate.
All things considered, Merritt added, Binance appears to be on track to overcome its latest setback.