The U.S. Securities and Exchange Commission (SEC) lawsuit against Binance and CEO Changpeng Zhao (CZ) did not make as big of an impact as he expected.
SEC’s lawsuit against Binance and CEO CZ cryptocurrency from Binance while creating a shock effect in the market millions of dollars worth asset output seen. Following the news of the lawsuit filed by the SEC, according to data provided by the on-chain analytics platform Watchers Pro within 24 hours Binance’s reserve assets 914 million dollars net outflow.
glassnode to the data according to clear your exit Only to 30% Bitcoin (BTC) made up a close part of it. The number of Bitcoin withdrawn after the lawsuit was filed is the largest ever experienced on the stock market. 12th exit while only 10 1,500 BTC went out.
During that 24 hour period total entity exit 1 billion 777 million dollars while the value of the asset entering the stock market is with $863 million remained limited. Although this sudden exit may seem like a large amount at first glance, Binance’s $52.9 billion of the total reserves represents 1.7%.
On the other hand, according to the data, the crypto currency with the most asset exits With a value of 755 million dollars Tether (USDT) while in second place $444 million Ethereum (ETH) output took place.
Market analysts are declaring the low-volume asset exit after such a serious news feed. Investor confidence in Binance interpreted as.
Finally, the U.S. Futures and Exchange Commission (CFTC) on Binance after the lawsuit filed by Net output of $736 million had happened. Binance also made all withdrawals in those days. seamlessly had succeeded in completing it.
