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Binance Sees $218 Million in Outflows Following CFTC Lawsuit

Binance, the world’s largest cryptocurrency exchange, has reportedly experienced $218 million in outflows since the US Commodity Futures Trading Commission (CFTC) announced its lawsuit against the exchange.

However, Binance’s total assets on-chain remain high at $75.6 billion as of this writing, and the exchange has also been experiencing increased deposit activity in certain regions.

The news of the lawsuit against Binance has likely added to the general volatility in the cryptocurrency market, which has seen several ups and downs in recent weeks.

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