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Just-In: Binance Outflows Near $1 Billion Following CFTC Allegations; Report

Just-In: Binance Outflows Near $1 Billion Following CFTC Allegations; Report
Crypto News: The global digital asset market printed red indexes on Tuesday as Commodity Futures Trading Commission (CFTC) alleged Binance , the world’s largest crypto exchange
for violating trading rules. The fear among the investors has triggered a massive outflow from Binance over the past day.
Binance In Trouble Over CFTC Claims
According to Nansen , the Blockchain data tracker around $852 million of net outflow has been registered over the past 24 hours. However, the crypto exchange registered an outflow of $185 million in an hour after the news broke out. The outflow amount went to register $218 million in the first four hours. However, Binance witnessed $3 billion of net outflow on December 13, 2022.
Data depicts that Binance holds around $63.2 billion in their wallets which have been disclosed publicly. Here’s the list of its top 5 holdings:

Tether (USDT) – $19 Billion
Bitcoin (BTC) – $14.4 Billion
Ethereum (ETH) – $7.5 Billion
Binance USD (BUSD) – $7.1 Billion
BNB – $3.2 Billion

The global crypto market dropped by around 3% over the last day. It now stands at $1.13 trillion. Read More Crypto News Here…
The post Just-In: Binance Outflows Near $1 Billion Following CFTC Allegations; Report appeared first on CoinGape .

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