After the cryptocurrency sector was hit by the news that crypto firm Paxos, the issuer of Binance dollar-pegged stablecoin, was ordered by the regulators to halt the BUSD minting, nearly $1 billion in digital assets flew out of the crypto trading platform Binance in a single day.

Indeed, according to the on-chain data from crypto tracking platform Dune Analytics, $916 million in digital assets were withdrawn from the crypto exchange on February 13, as the prominent cryptocurrency analyst Ali Martinez pointed out in his tweet on February 14.

(By Ana Nicenko)

Get the latest news here: Cointime channel — https://t.me/cointime_en