Written in CRYPTO he
The lawsuit filed by the Securities and Exchange Commission (SEC) against Binance and coinbasehas had a series of repercussions throughout the market for cryptocurrenciesfrom casualties and capital outflows, to reactions from the crypto community that point out that it is an attack on their autonomy.
Although the most affected digital currency was the ethereumthere was also a negative impact on the Bitcoin (BTC), since the withdrawals from the exchanges have been a constant after the announcement. In the last 24 hours, departures for a value of 1,200 million dollars were registered.
According to information compiled by the specialized site Criptonoticias, when the SEC’s lawsuit was made known, more than 80,000 BTC were withdrawn from various exchanges, and withdrawals of $691 million were reported on Binance, which represents more than 50%. of all reported by the exchanges.
The main reason for the withdrawals is linked to the demand promoted by the Securities and Exchange Commission that leads to fears on the part of the investors about the market’s ability to sustain the attack and, above all, the security of their assets placed in those companies.
call to withdraw funds
Events like what happened to FTX They have made various specialists, journalists and analysts suggest investors withdraw their funds from exchanges, and thus avoid losses like those suffered by FTX users in the past.
These messages go in the opposite direction to what was requested by the CEO of Binancer, Changpeng Zhaowhich on social networks has expressed its intention to keep the industry together to deal with the problem.
In this regard, financial analyst Marco Metzler urged exchange users to withdraw their funds “as quickly as possible”, since in his opinion the SEC is “attacking” to the cryptocurrency industry.
As reported by Criptonoticias, CNBC financial journalist Jim Cramer also joined the call when comparing the current situation with what was experienced in the case of FTX; it should be noted that his statements were made during an interview with the president of the SEC, Gary Gensler.
Likewise, the cryptocurrency analyst, Willy Woo, warned about the worrying amount of assets that are stored in the exchanges and that they would be vulnerable to a seizure by the government, since on other occasions the authorities have frozen the funds deposited in the companies.