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Binance users pull over $1 billion from the exchange after CEO leaves, pleads guilty
Outflows from Binance have amounted to more than $1 billion in the past 24 hours, not including bitcoin, according to data from blockchain analysis firm Nansen, after founder and CEO Changpeng Zhao stepped down and pleaded guilty in a deal with the Department of Justice. Binance also agreed to pay $4.3 billion in fines to the U.S. government. The plea deals end a years-long investigation into the crypto exchange. The outflows are significant and close to what happened previously when the exchange and its founder were charged with 13 securities violations by the SEC. The exchange’s native token, BNB, is down more ... (full story)