Shortly after the Foreign Commodity Futures Trading Federation (CFTC) filed a lawsuit against Binance, the exchange, and Chang Peng, CEO, who violated regulatory requirements, the entrepreneur looked for ways to control hazards while refuting charges of sales market control. However, investors are required to withdraw 3400 bitcoin (BTC) from Binance within 24 hours of the announcement, as they expect ups and downs in the sales market.
In response to CFTC's complaint, CZ stated: "Binance.com does not buy or sell transactions or" control "the sales market at any time." But things about password executives such as FTX's Sam Bankman-Fry and Terraform Labs's Do Kuan have shaken investors' confidence in the password ecosystem.
Investors have begun to move property out of Binance to mitigate the impact of the government shutdown. As a result, the total bitcoin balance of Binance decreases, but the bitcoin balance of other exchanges increases, as shown below.
Binance's bitcoin balance has fallen by more than 3900 bitcoins in the past week, of which 3400 have been withdrawn in the past 24 hours alone.
Bitcoin reserves on competing exchanges such as Coinbase, Bitfinex and Gemini rose within 24 hours.
It is worth noting that the balance of bitcoin on the cryptographic exchange has been declining since March 20. In the past seven days, nearly 27000 bitcoin traders have left key exchanges.
On the premise of CFTC's lawsuit against Binance and CZ, a federal presiding judge temporarily shut down the proposed sale and purchase between Voyager and Binance.US.
Judge Jennifer Rearden of the Southern District District Court of New York granted emergency idling on March 27th, suspending potential trading between Voyager and Binance.US until the Justice Department decided on an explicit appeal of the closure plan, according to Cointelegraph.
Magazines and periodicals: us law enforcement agencies have stepped up penalties for password-related crimes
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Tue, 18 Apr 2023