Investors began to withdraw ether from the Binance exchange

A Securities and Exchange Commission lawsuit against the Binance exchange has spooked many investors and forced them to resume taking cryptocurrency offline.
Nansen’s report says that the outflow of ether has exceeded the inflow of digital currency to the trading floor in just the last 24 hours.
While traders sent up to $871 million worth of ETH to Binance, the outflow was more than $1.6 billion. Within just one hour of reports of a lawsuit against the exchange, investors withdrew $50.5 million worth of cryptocurrency from the platform, while inflows were only $14.8 million.

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