The news coincides with the arrest of former FTX CEO Sam Bankman-Fried and follows reports that the US Department of Justice has discussed possible plea deals with Binance’s lawyers following a spate of cases in 2018 where criminals reportedly used Binance to transfer illicit funds.
Binance CEO Changpeng Zhao, also known as CZ, said on Tuesday on Twitter his exchange had processed around $1.14bn of withdrawals, but said a day later “things seem to have stabilized,” adding that the Luna and FTX collapses of May and November 2022 respectively saw more withdrawals. Binance is the
Blockchain
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