[ad_1]
Amid an extended crypto winter, some 44,444 Bitcoin BTC/USD have been pulled from exchanges over the past month, according to Coinglass statistics.
That’s a staggering $745 million.
Investors continue to express concern over the shaky crypto market, which has been compounded by the FTX FTT/USD scandal and the drama surrounding its disgraced founder, Sam Bankman-Fried.
Also Read: NFT Marketplace OpenSea Removes Cuban Artists to Comply with US Sanctions Law
The collapse of FTX and the revelations of billions of dollars in stolen investor money by a white-collar individual (Sam Bankman-Fried) who was known to be close to lawmakers, eroded people’s trust in centralized exchanges and they don’t seem to think their cryptos are safe there, Noel Saldanha, an independent crypto analyst, told Benzinga.
Regulatory concerns over crypto exchange Binance BNB/USD have only heightened concerns and people now know the adage not your keys, not your coins, Saldanha added.
The US Department of Justice is reportedly investigating Binance and specific people connected to the company, including its CEO and founder Changpeng Zhao.
Prosecutors are divided on whether to pursue the case with vigor or wait to consider further evidence.
Glassnode announced in early November that the collapse of FTX caused Bitcoin investors to shift their holdings into self-custody at a “historic rate of 106,000” every month.
Next:Crypto Investors Beware – Proof of Reserve Audits Prove Nothing, SEC Warns
|
Sources 2/ https://news.google.com/__i/rss/rd/articles/CBMijQFodHRwczovL3d3dy5iZW56aW5nYS5jb20vbWFya2V0cy9jcnlwdG9jdXJyZW5jeS8yMi8xMi8zMDE4OTQ2Ni9jcnlwdG9zLWJydXRhbC13aW50ZXItc3RhZ2dlcmluZy1hbW91bnQtb2YtYml0Y29pbi1nZXRzLXJlbW92ZWQtZnJvbS1leGNoYW5nZXPSAS1odHRwczovL3d3dy5iZW56aW5nYS5jb20vYW1wL2NvbnRlbnQvMzAxODk0NjY?oc=5 The mention sources can contact us to remove/changing this article |
[ad_2]