cryptoupdate
Contributor
Binance was accused of regulatory violations by the CFTC, leading to significant cryptocurrency withdrawals.
Binance, one of the world's largest cryptocurrency exchange platforms, and its CEO Changpeng Zhao have been accused of regulatory violations by the United States Commodity Futures Trading Commission (CFTC).
The accusation has led to a significant amount of cryptocurrency leaving the platform's wallets, with over $1.5 billion being withdrawn from various centralized exchanges in the twelve hours leading up to the indictment. More than half of this amount, or $850 million, was withdrawn from Binance alone. READ MORE