Binance has allegedly lost $790 million of investor funds as a result of the damaging charges brought by the SEC. Binance, the biggest cryptocurrency exchange globally, experienced a significant withdrawal of funds subsequent to charges made by the U.S. Securities and Exchange Commission (SEC). The report cites information from crypto research firm Nansen, which states that investors pulled out an astonishing $791.6 million from Binance in just 24 hours.
Following the announcement of charges, investors pulled out assets worth $1.65 billion from Binance and an extra $13 million from Binance's U.S. division on the Ethereum blockchain. Conversely, the inflows into Binance and Binance.US during the same period were significantly lower, amounting to only $871.8 million and $11.53 million, respectively.
