Changpeng “CZ” Zhao, founder of Binance Holdings Ltd., said outflows from the largest cryptocurrency exchange have “stabilised,” but warned employees that the industry’s recovery from rival FTX’s collapse will be “bumpy.” Zhao said in a tweet on Wednesday that “things appear to have stabilised” and that “deposits are coming back in.” He previously stated that Binance saw approximately $1.14 billion in net withdrawals on Tuesday. Customers withdrew funds from Binance’s platform this week, indicating a lack of trust in the crypto sector in the aftermath of FTX’s demise. According to research firm CryptoQuant, Binance saw a record daily net outflow of Bitcoin and Ether in terms of token numbers on Tuesday. According to the figures, a total of 40,353 Bitcoins and 278,017 Ether tokens were withdrawn. In a memo to employees, the crypto billionaire reassured them that Binance is in a strong financial position and “will survive any crypto winter.”