8/24/2023 0 Comments Safemoon listing binance![]() The FUD against Binance was immediately halted the following day when the Securities and Exchange Commission chose another scapegoat to attack, namely Coinbase.Īfter the lawsuit against Binance, the SEC and its Chairman Gary Gensler have targeted the US exchange Coinbase, accusing it of violating certain registration laws. I FEEL PROTECTED NOW /pf5ebcYEfv- Ash Crypto JCrypto community unites to fight FUD against Binance The rush of withdrawals from the exchange does not seem to have put a dent in the exchange, which enjoys $54 billion in assets held and can afford to deal with such situations.Īt the time of writing, the situation seems to have stabilized on while other capital leaks are happening right now on Binance.US on which the SEC has threatened an asset freeze. The result, according to Nansen’s data, was an asset outflow on of $2.68 billion on the Ethereum chain and $3 billion overall multichain, in just 24 hours after the news broke. ![]() In any case, despite the fact that there were no factors pointed to the exchange’s liquidity problems and despite the fact that the exchange made its proof-of-reserves public, users preferred not to take a chance. ![]() Initially, the news was not taken at all well by investors, who rushed to withdraw all the funds they held within the exchange, fearing that what happened in November 2022 with FTX might happen again.īinance immediately denied all allegations, responding that it will vigorously defend itself in court against the SEC‘s slanders. The SEC’s lawsuit and the effects of FUD against BinanceĢ days ago cryptocurrency exchange Binance suffered a wave of FUD after the US SEC filed 13 formal charges in New York District Court suing Changpeng Zhao (CZ) and his company. A reflection on possible future scenarios.Crypto community unites to fight FUD against Binance.The SEC’s lawsuit and the effects of FUD against Binance.
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