Crypto

Binance loses $780 million in 24 hours – Nansen

Image Credits: Ben McShane / Sportsfile / Getty Images

According to analytics firm Nansen, Binance, the largest cryptocurrency exchange in the world, was sued by the U.S. Securities and Exchange Commission on Monday, prompting investors to remove about $780 million from the exchange in the past 24 hours.

According to Nansen, Binance’s U.S. affiliate exchange experienced a net outflow of $13 million during the same period. A comment from either Binance or Binance.US went unanswered for some time.

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