More than £1 billion in crypto has been withdrawn from the world’s largest digital asset exchange in the past 24 hours after the firm was dealt a hammer blow by the US financial watchdog suing it for breaching securities law.
Binance saw $1.6 billion (£1.3 billion) in Ethereum outflows since yesterday, data from analytics business Nansen shows, while inflows stood at $872 million, amounting to the biggest single-day net outflow since fears spread of a banking crisis in March.
