Following a lawsuit filed by the US Securities and Exchange Commission (SEC), crypto exchange Binance, and its US affiliate Binance.US, saw a $790 million outflow in the last 24 hours, according to data firm Nansen. Specifically, Binance saw a $778.6 million net outflow, while Binance.US experienced a net outflow of $13 million. The SEC’s allegations against Binance encompass artificially inflated trading volumes, misuse of customer funds, and providing misleading information to investors about its market surveillance controls.
Source: https://www.reuters.com
