. Binance has, as of Wednesday, seen over $600 million in customer token outflows, although the figure is still relatively lower than when BUSD-issued Paxos was slapped by a U.S. Securities and Exchange Commission lawsuit earlier this year. Binance processed over $2 billion in withdrawals in a single day at the time.
Recent allegations from the U.S. Commodity Futures Commission against Binance and its founder Changpeng Zhao “should be a slap on the wrist,” Fundstrat analyst Walter Teng told CoinDesk over Twitter., ”without recursive leverage using bnb busd, [it’s] tough to imagine there will be a force unwind,“ he said. Binance’s on-chain portfolio shows the amount of capital people hold on the world’s largest exchange by transaction volume.
According to Charles Storry, head of growth at crypto index platform Phuture, funds, traders and investors who have exposure to Binance see the current situation as “business as usual.” “The news from the CFTC hasn’t caused investor panic. That’s extended into those holding value in Binance…Binance isn’t well known for being the most transparent exchange, yet they’ve managed to weather many storms,” Storry told CoinDesk in a Telegram message.
Why is everyone sooooooo concerned about the Binance allegations If a bank is charged due to criminal proceedings, they pay a fine and continue… exactly as before!!!
Of course bro everyone knows this is another targeted BS attack to cz_binance CZ because of his race and tireless work ethic before they catch the Crypto 🤷🏻♂️🤷🏻♂️🤷🏻♂️💯🔥♥️🙏🏼
Can't believe it's been a year since we met her
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