Binance, US affiliate hit by net outflows of $790 mln in last 24 hours

Posted on AllSides June 6th, 2023
From The Center
REUTERS/Benoit Tessier/File Photo

Investors have pulled around $790 million from the crypto exchange Binance and its U.S. affiliate in the last 24 hours, data firm Nansen said on Tuesday, a day after a top U.S. regulator sued both exchanges.

Binance saw net outflows of $778.6 million of crypto tokens on the ethereum blockchain, with its U.S. affiliate, Binance.US, registering net outflows of $13 million, Nansen tweeted.

Neither exchange immediately responded to a request for comment.

The U.S. Securities and Exchange Commission on Monday sued Binance, its CEO Changpeng Zhao and the operator of Binance.US...

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