Crypto measuring firm Nansen reports $3 bln in outflows from Binance in the past 24 hours

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Nansen, the Hong Kong-based blockchain analytics platform, on Tuesday reported that $3 billion has been withdrawn from privately-held crypto exchange Binance in the last 24 hours. Binance CEO Changpeng Zhao (CZ) said in a Tweet this morning that Binance has seen about $1.14 billion of withdrawals during the business day. “We have seen this before,” CZ said. “Some days we have net withdrawals; some days we have net deposits. Business as usual for us.” CZ said it’s a good idea to “stress test” withdrawals on each crypto exchange “on a rotating basis.” The withdrawals come as U.S. regulators charged Samuel Bankman-Fried with securities fraud and other offenses and Congress held hearings on the collapse of FTX on Tuesday.

This article was originally published by Marketwatch.com. Read the original article here.

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