SEC Charges Trigger Massive Capital Outflow: Investors Withdraw $790 Million from Binance

According to crypto research firm Nansen, crypto investors withdrew a considerable amount of assets from the cryptocurrency exchange Binance over a 24-hour period, reaching $791.6 million. The announcement of 13 securities charges against Binance and its founder, Changpeng Zhao, by US regulators occurred shortly after this. Investors had moved their money to multiple exchanges following … Read more