Binance suffers a drainage of USD 1 billion in one day because crypto jitter spread

investors have deducted more than $ 1 billion from Binance because the world's largest cryptocurrency exchange is fighting for a crisis of trust in digital tokens and fears that it will also be drawn into US investigations.

Changpeng Zhao, CEO of Binance, said that the stock exchange recorded net withdrawals of USD 1.14 billion on Tuesday, since users continued to remove their assets from its marketplace.

According to an analysis of the Blockchain research group Nansen, the net withdrawals had exceeded $ 3.6 billion over seven days.

The drains underlined the nervousness that has been on the cryptoma markets since the collapse of FTX, one of the largest companies in the industry. FTX founder Sam Bankman-Fried was charged in the USA on Tuesday for fraud.

nansen said that the fast withdrawals were the largest since June when the market for digital assets were involved in an unprecedented market crash, in which popular tokens lost value.

ZHAO played the extent of this reputation and insisted that it was "business as usual" for us. "On some days we have net withdrawals; on some days we have net deposits," said Zhao on Twitter.

investors have deducted Bitcoin to record crypto exchanges because they had concerns about the security of their assets. Crypto exchanges such as Binance keep customers' assets and offer a trading center.

Binance said that there are more than $ 60 billion of assets, so enough money to pay withdrawals. However, the company's disclosures do not include its liabilities, which makes it difficult to determine its financial health. The FT announced the stock exchange that all customer deposits were covered by appropriate assets and that their "capital structure" was debt -free ".

The concern about Binance increased this week after a report by Reuters on Monday that Binance in the USA is confronted with criminal investigations because of its handling of US money laundering and sanction laws. Binance said it was not appropriate to comment on a US investigation.

"The supervisory authorities carry out a comprehensive review of all crypto companies against many of the same problems. This aspiring industry has grown quickly and Binance has demonstrated its commitment to security and compliance," said the company. At the beginning of this week, it was said to have answered more than 47,000 inquiries from law enforcement authorities last year.

The stock exchange said on Tuesday that it temporarily exposed to the withdrawal of USDC, a crypto token that corresponds to the value of the US dollar while carrying out a "token swap" with the USDC. Then she resumed the withdrawals, while other so -called stable coins that were not affected by the dollar were not affected.