Bitstamp denies Glassnode’s claim that it lost 38% of its Bitcoin reserves

Cryptocurrency exchange Bitstamp posted on the X platform that Glassnode incorrectly stated in a data that Bitstamp lost 38% of its Bitcoin reserves. In fact, the net outflow was only 1%. According to previous news, on November 22, Bitcoin outflows from cryptocurrency exchanges reached US$600 million, mainly from two platforms, Binance and Bitstamp. After the U.S. Department of Justice (DOJ) signed an agreement with Binance, Binance experienced an outflow of approximately 8,000 Bitcoins, equivalent to nearly $288 million. There was another sharp decline on Bitstamp, with a loss of about 16,500 Bitcoins. Currently, there are still 24,000 BTCs left, accounting for 38% of the outflows. (Cryptoslate)