Binance’s CEO says that money is coming back to the exchange.

Binance’s CEO said on Wednesday that deposits are coming back and “things seem to have stabilized.” This was a day after the exchange saw a sharp rise in withdrawals and stopped some stablecoin transactions.

Nansen, a blockchain data company, said on Tuesday that $1.9 billion had been taken out of Binance in the last 24 hours and that the exchange had “temporarily paused” withdrawals of the USDC stablecoin.

In a tweet, CEO Changpeng Zhao said, “Things seem to have calmed down.” “Yesterday was not the day with the most withdrawals, not even in the top five.”

Related: Colin Wu Responds to Binance’s POR Audit Notification

Nansen data showed that the $1.9 billion in withdrawals of tokens based on the Ethereum blockchain were the most in a single day since June 13.

Users and government officials are very interested in how crypto exchanges like Binance and its now-defunct rival FTX handle customer deposits.

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