Blockchain data from Nansen and Glassnode reveals that the recent SEC lawsuits against Binance, Binance.US, and Coinbase have resulted in a significant outflow of approximately $4 billion in deposits. The three exchanges collectively experienced a net outflow of $3.1 billion through the Ethereum network, along with an additional $864 million in bitcoin.

Despite the regulatory challenges, the withdrawals were processed in an orderly manner by the exchanges throughout the week. The SEC's actions created a sense of unease in the cryptocurrency market, leading to a significant decline in the value of tokens identified as securities in the lawsuits. Concerned by the regulatory crackdown, crypto traders swiftly withdrew their funds from the targeted exchanges.