6-6-2023 (LONDON) Investors have withdrawn approximately $780 million from the popular cryptocurrency exchange Binance within the past 24 hours, according to data firm Nansen. This development comes just one day after the world’s largest crypto exchange faced a lawsuit from the U.S. Securities and Exchange Commission (SEC).
Nansen reported that Binance’s affiliate exchange in the United States experienced net outflows of $13 million during the same period. However, neither Binance nor Binance.US has immediately provided a comment regarding these recent events.
The significant withdrawal of funds from Binance suggests a loss of confidence among investors following the SEC’s legal action.
