Top Stories
Breaking: Binance Customers Withdraw $1.9 billion In Just 24 hours
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).
Binance is run by crypto tycoon Changpeng Zhao, or CZ.
It’s enjoyed heightened dominance since the collapse of rival exchange FTX.
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.
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.
On Tuesday the firm also said it was pausing withdrawals of one particular token.
The reports come when the exchange was already under pressure.
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.
- Politics21 hours ago
Lagos Assembly Proposes Geographic Information Law
- Top Stories8 hours ago
Xi and Putin: The marriage of convenience that is reshaping the world order
- Business and Brands21 hours ago
Access Bank Group, Aig-Imoukhuede Foundation Pledge $300m to Transform Africa’s Economic Landscape
- Top Stories8 hours ago
‘Tax Evasion’: FIRS amends charge against Binance, Gambaryan
- Top Stories9 hours ago
Primate Ayodele: Tinubu Should End Fight Between Wike And Fubara Quickly
- News9 hours ago
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 18th May 2024
- Politics8 hours ago
#US2024: Biden-Trump rematch is still neck and neck -New Poll Shows
- News9 hours ago
Lagos Court Jails Social Media Influencer,’Keanu Reeves’ For Celebrity Scam