The outflow of funds from the Binance crypto exchange for the week amounted to more than $ 2 billion
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The world’s largest cryptocurrency exchange Binance is facing a massive outflow of traders’ funds. According to The Wall Street Journalreferring to the data of the analytical company Nansen, over the past week, users have withdrawn $2.1 billion from the exchange. The outflow of user funds is associated with problems that the exchange has had recently.
So, last week Binance was forced to suspend for several hours of spot trading, depositing and withdrawing funds due to a software error. And yesterday, March 28, in court against Binance, its founder and CEO Changpeng Zhao, as well as former top manager Samuel Lim filed Commodity Futures Trading Commission (CFTC) USA. The regulator accuses them of violating a number of US regulations, including those aimed at combating money laundering.
According to Nansen, a few hours before the official announcement of the lawsuit by the American regulator, users withdrew $850 million from the exchange. And after the announcement of the lawsuit, another $240 million. At the same time, Nansen notes that this is not the first massive outflow of user funds from Binance. The last time clients massively withdrew their money from the exchange on December 13, and then this amount was much more significant – $ 3 billion per day. In total, Binance now controls $63 billion in cryptocurrency assets.
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