Binance withdrawals surge to $3 billion, CEO CZ calls its ‘business as usual’

that prosecutors were investigating a money laundering investigation against Binance and CEO Changpeng Zhao , and other executives could face criminal charges., Binance halted the withdrawals of the stablecoin USDC, pegged to the U.S. dollar, for about eight hours on Tuesday to initiate a token swap. The news worried investors, who, led by the quantitative trading firm, Jump Crypto, made large withdrawals totaling $3 billion in net outflows over 24 hours from Binance.

Later, the analytics firm Nansen also tweeted Binance's stablecoin holdings in a publicly disclosed address.

👀

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Outflows soar at crypto exchange Binance, but CEO says it's 'business as usual'Binance, the crypto exchange formerly rivaled by bankrupt FTX, has seen $3 billion in withdrawals in the past 24 hours. FTX founder Sam Bankman-Fried was arrested in the Bahamas and charged with securities fraud in the U.S. Woow Dayyummm House of Cards.
Source: MarketWatch - 🏆 3. / 97 Read more »

Binance CEO tweets ‘business as usual’ after pausing USDC coin withdrawal TuesdayBinance CEO Changpeng 'CZ' Zhao said on Wednesday things have normalized after the crypto exchange paused withdrawals of its USDC coin
Source: FoxBusiness - 🏆 458. / 53 Read more »