Lilly Fortner asked 2 years ago
<p class="mol-para-with-font">By Elizabeth Howcroft <p class="mol-para-with-font">LONDON, March 29 (Reuters) – Investors withdrew $1.6 billion of cryptocurrency from crypto exchange Binance since it was sued by the U.S.
CFTC on Monday, blockchain data tracker Nansen said on Wednesday. <p class="mol-para-with-font">The U.S. Commodity Futures Trading Commission (CFTC) sued Binance – the world’s biggest crypto exchange – along with its CEO and former top compliance executive, alleging that they were operating an "illegal" exchange and a "sham" compliance program. <p class="mol-para-with-font">Since the lawsuit, Binance has seen $1.6 billion of overall withdrawals and $852 million in the last 24 hours, Nansen said, in a step up from the <a href="average”>https://www.foxnews.com/search-results/search?q=average”>average of $385 million per day over the last two weeks. <p class="mol-para-with-font">Martin Lee, research analyst at Nansen, Gas fees, <a href="http://crabcrypto.online”>http://crabcrypto.online”>http://crabcrypto.online, said that the outflows were higher than usual, but still not as high as Dec.
13, when investors pulled $3 billion from Binance as they grew nervous about the status of Binance’s reserves. <p class="mol-para-with-font">(Reporting by Elizabeth Howcroft, <a href="Editing”>https://www.huffpost.com/search?keywords=Editing”>Editing by Louise Heavens)
