Binance clients withdrew over $772 million from the exchange in the past 24 hours following the Commodity Futures Trading Commission's (CFTC) lawsuit alleging that Binance had violated its derivatives regulations in the United States by offering these services without registering with it.
Binance US, however, saw inflows during the same period, with inflows jumping by $2 million to $324 million. Other exchanges that had inflows during this period were OKX, Huobi, and Bybit. Binance now has over $73.49 billion in combined assets, with clean assets, which exclude tokens issued by itself, worth about $54.71 billion.
The outcome of this lawsuit is expected to shape the future of the cryptocurrency industry.
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