Binance not experiencing "mass exodus of funds" following settlement, says blockchain analytics firm Nansen
Blockchain analytics company Nansen has reported that despite a settlement for civil and criminal charges against Binance and its CEO, Changpeng “CZ” Zhao, there has not been a significant outflow of funds from the exchange. Nansen stated that while there was a $956 million net outflow on Ethereum within 24 hours of the $4.3 billion settlement announcement by the US Department of Justice, Binance's total holdings increased to over $65 billion. Nansen also noted that withdrawals are continuing, and there has not been a mass exodus of funds. Tether (USDT) holdings on Binance decreased the most over the last 24 hours, while holdings of XRP and TrueUSD (TUSD) remained steady.
Investors pull nearly $1 billion from Binance after CEO's guilty plea in U.S. money laundering case
Data firm Nansen has reported that investors withdrew approximately $956 million from Binance within the past 24 hours, following the resignation of the exchange's chief, Changpeng Zhao, who pleaded guilty to violating US anti-money laundering laws. Binance has agreed to pay $4.3 billion to US authorities to settle a long-standing illicit finance investigation, which has raised concerns about the future of the world's largest crypto exchange. While Zhao has been replaced by Richard Teng, a senior Binance executive, the news has still unsettled some customers of the exchange, although the outflows are relatively small compared to the platform's total holdings.
Binance will add spot trading pairs such as DOT/TUSD and WLD/FDUSD
According to the official announcement, Binance will list the following spot trading pairs on November 23, 2023 at 16:00 (GMT+8): DOT/TUSD, GALA/FDUSD, GAS/TRY, NTRN/TRY, and WLD/FDUSD.In addition, Binance will open trading bot services for the following trading pairs on November 23, 2023 at 16:00 (GMT+8): spot grid, spot DCA (dollar-cost averaging), and intelligent holding: BEAMX/USDT.
Coinbase executive: Binance will most likely pay full $4.3 billion fine without selling crypto assets
According to Conor Grogan, the head of Coinbase, who posted on X platform, Binance Corporate's Proof of Reserves (PoR) data shows that its cryptocurrency holdings include a total of $6.35 billion in assets and $3.19 billion in stablecoins, excluding off-chain cash balances or funds not in the PoR wallet. Binance is most likely to pay the Department of Justice's $4.3 billion fine in full without selling any cryptocurrency assets.
Binance will remove some BUSD spot trading pairs
According to an official announcement on November 22nd, Binance will remove the following spot trading pairs and stop trading at 11:00 on November 24th, 2023 (GMT+8): APT/BUSD, AXS/BUSD, BAKE/BUSD, CFX/BUSD, CHZ/BUSD, ETC/BUSD, FIL/BUSD, GAS/BUSD, TRB/BUSD, USTC/BUSD.
Binance settles with U.S. government: Timeline of US enforcement actions
U.S. government agencies have spent months, sometimes years, investigating Binance in the lead-up to unsealing an indictment against the exchange.
Crypto markets mixed as traders digest DOJ action against Binance, CZ
Cryptocurrencies flash mixed signals as market participants digest the details of CZ’s guilty plea and the DOJ’s $4.3 billion settlement with Binance.
Binance will support Qtum (QTUM) network upgrade and hard fork
Binance issued an announcement stating that it will support the Qtum (QTUM) network upgrade and hard fork. The specific arrangements are as follows:
199,999 SOL transferred from unknown wallet to Binance
Whale Alert monitoring shows that at around 7:39 am Beijing time today, 199,999 SOL (worth about $10,487,432) was transferred from an unknown wallet to Binance.
Binance outflows exceed $1 billion since news of CZ’s resignation as CEO
Nansen posted on X platform, stating that since CZ resigned as CEO of Binance, more than $1 billion in funds have flowed out of Binance, but Binance still controls $65 billion in assets. This is not the first time Binance has dealt with massive outflows of funds.
