Binance Sees $2 Billion in Outflows as Troubles Compound

Binance faces $2B outflows as US regulator lawsuit alleges illegal activity. Trading fees and software issues also trouble world's largest crypto exchange.

Binance Sees $2 Billion in Outflows as Troubles Compound
  • Binance has seen $2.1B in net outflows on the Ethereum blockchain over 7 days.
  • Crypto giant faces regulator lawsuit, alleged to have operated illegally in the US.
  • Binance temporarily suspended spot trading hours due to software error.
  • Binance brought back trading fees causing a decline in its spot market share.
  • Federal judge blocked Binance.US from buying Voyager Digital's customer accounts out of bankruptcy.
Binance Sees $2 Billion in Outflows as Troubles Compound
In a tumultuous few days, crypto giant raises fees, suffers software issues and faces regulator lawsuit