Daily Brief, January 11, 2023: Estimated Withdrawn Funds From Binance Exceed $12 Billion

Crypto Faces Crisis of Confidence. According to Forbes, Binance lost $12 billion in assets in only two months as users withdrew their money amid a worsening crypto market trust crisis. The withdrawals occurred between November 4 and January 4; coinciding with the demise of rival exchange FTX and the arrest of its ex-CEO Sam Bankman-Fried. … Continue reading Daily Brief, January 11, 2023: Estimated Withdrawn Funds From Binance Exceed $12 Billion →Read more