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Breaking: Binance Customers Withdraw $1.9 billion In Just 24 hours

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Binance, the world’s largest crypto exchange saw withdrawals of $1.9 billion in just 24 hours.

That was according to blockchain data firm Nansen on Tuesday (December 13).

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Binance is run by crypto tycoon Changpeng Zhao, or CZ.

It’s enjoyed heightened dominance since the collapse of rival exchange FTX.

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But it has also been trying to reassure investors over its finances, last week tweeting a report by auditors.

It showed that its bitcoin reserves exceeded customer deposits on at least one day in November.

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However, Nansen says the new withdrawals flow from lingering worries over Binance’s reserves.

Separate reports on Monday (December 12) had showed an outflow of over $900 million that day.

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On Tuesday the firm also said it was pausing withdrawals of one particular token.

The reports come when the exchange was already under pressure.

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It’s facing a probe by U.S. authorities over its compliance with money laundering laws and sanctions.

Watchdogs are reportedly divided over whether to press charges right now.

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