Binance hit by outflows of $790 million in last 24 hours, data shows | CNN Business

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

Binance saw net outflows of $778.6 million of crypto tokens on the ethereum blockchain, with its US affiliate, Binance.US, registering net outflows of $13 million, Nansen tweeted. Neither exchange immediately responded to a request for comment. The US Securities and Exchange Commission on Monday sued Binance, its CEO Changpeng Zhao and the operator of Binance.US over what it called a “web of deception” to evade US laws.

In statements on Monday, Binance said it had been cooperating with the SEC’s probes and had “worked hard to answer their questions and address their concerns,” including by trying to reach a negotiated settlement. “We intend to defend our platform vigorously,” it said in a blog. Crypto blow Bitcoin steadied after falling more than 5% on Monday, its worst daily decline since April 19.

 

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