Within 24 hours of Binance and CEO Changpeng Zhao pleading guilty to US laundering charges, the crypto giant has seen nearly $1 billion in outflows, according to blockchain analytics platform Nansen.
Binance has seen around $956 million in outflows in the 24 hours since pleading guilty to US laundering charges, according to data from blockchain analytics platform Nansen. The figures do not include Bitcoin flows. Following the outflows, Binance still has over $65 billion of assets on its platform.
The crypto giant and Changpeng «CZ» Zhao entered a deal to resolve regulatory issues this week which included total penalties of $4.3 billion, including a $150 million payment by the CEO. Shortly after, Binance announced that Zhao would step down from the top role and be succeeded by Richard Teng.
