Binance sees withdrawals of $1.9 billion in last 24 hours, data firm Nansen says

Published by

By Tom Wilson and Elizabeth Howcroft LONDON (Reuters) -Binance, the world’s biggest crypto exchange, saw withdrawals of $1.9 billion in the last 24 hours, blockchain data firm Nansen said on Tuesday, as the platform said it had “temporarily paused” withdrawals of the USDC stablecoin. Binance, whose dominance of crypto was cemented by the bankruptcy of rival exchange FTX, last week tweeted a so-called proof-of-reserves report by audit firm Mazars. The report showed its holdings of bitcoin exceeded customer deposits on a single day in November. The $1.9 billion figure marks the largest daily out…

Read More