Nearly $1.5 Billion worth of crypto assets flow out of Binance-linked wallets after CFTC lawsuit

Jinse Finance reported that on-chain data disclosed by the encrypted data platform Arkham Intelligence showed that after the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance, about $1.46 billion worth of encrypted assets flowed out of wallets related to the exchange. It shows that the outflow of funds was caused by retail investors withdrawing assets from Binance. According to data from DeFiLlama, Binance has processed $562 million in withdrawal transactions in the past 24 hours, 24 times higher than that of Bitfinex in the same period. Data from blockchain analysis company Nansen shows that the total value of cryptocurrencies currently held by Binance About $63.49 billion. (Cryptoslate)