Further jitters reverberated through the crypto market today amid the arrest of Sam Bankman-Fried, the founder of bankrupt exchange FTX, as senior figures in the crypto world instructed traders to “ignore” widespread fear and uncertainty.
Net withdrawals from the world’s largest crypto exchange, Binance, have spiked to $1.6 billion (£1.3 billion) in the past 24 hours, according to data analytics platform Nansen, almost reaching the volumes of withdrawals in the immediate aftermath of the FTX collapse, while the value of Binance’s token, BNB sunk almost 6%.
