Investors Withdraw $1.6 Billion From Binance After CFTC Lawsuit

Elizabeth Howcroft

LONDON (Reuters) – Investors have withdrawn $1.6 billion worth of cryptocurrency from cryptocurrency exchange Binance since being sued by the US CFTC on Monday, blockchain data tracker Nansen said Wednesday. said to

The U.S. Commodity Futures Trading Commission (CFTC), along with Binance (the world’s largest cryptocurrency exchange) and its CEO and former Chief Compliance Officer, have announced that they have launched an “illegal” exchange and a “ghost” compliance program. I have filed a lawsuit claiming that I operate

Since the lawsuit, Binance has withdrawn a total of $1.6 billion in the last 24 hours, withdrawing $852 million, Nansen said.

Nansen Research His analyst Martin Lee said the outflow was higher than usual, but not as much as on Dec. 13, as investors pushed him to sell $3 billion from Binance over the reserves situation. He said it wasn’t as bad as when he pulled it out.

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