KuCoin Alert: Ethereum and EVM Chains See $1.78 Billion Exodus

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

KuCoin holds over $6 billion in assets across Ethereum, Bitcoin, Solana and other chains

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

Estimated from an initial $6 billion base in holdings, this represents more than a 15% drop in assets held by the exchange. At the time of writing, over the past 24 hours, there has been an outflow of over $842m on Ethereum and $938m on EVM chains from an initial $6b base in holdingsSince the news broke that KuCoin and two of its founders had been charged with breaking anti-money laundering rules by U.S. federal prosecutors, there has been an increase in withdrawals from the platform. The exchange also recorded outflows of stablecoins in response to the news.On Tuesday, U.S.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in COİN

Coin Coin Latest News, Coin Coin Headlines

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

ERC 6551 Ethereum Standard Changes Game in Ethereum NFTs: GuideHere's how one EIP can boost entire concept of non-fungible tokens in EVM blockchains
Source: Utoday_en - 🏆 295. / 63 Read more »

Ethereum Killers, Layer2 Solutions, and Ethereum Dencun Upgrade: Who Will Benefit?Ethereum has successfully completed its next upgrade called Dencun. As a result, fees were reduced, and the scalability issues were solved.
Source: hackernoon - 🏆 532. / 51 Read more »

Ancient Ethereum ICO Participant Suddenly Wakes UpEthereum (ETH) ICO participant has transferred $6.7 million worth of Ethereum (ETH)
Source: Utoday_en - 🏆 295. / 63 Read more »

Crypto Options Alert: Bitcoin and Ethereum Set for Significant Expiry EventMarket watchers are on alert as a major expiry event looms for Bitcoin and Ethereum options, with over $3 billion in notional value set to expire on March 8
Source: Utoday_en - 🏆 295. / 63 Read more »