Posted 11/22/2023, 1:15:21 PM
Binance Faces Uncertainty After Record Fine and Customer Withdrawals
- Binance hit with record $4.3B fine after multi-year US probe, as BNB price crashes 10%
- Feared short-seller issues warning, says Binance collapse "countdown" has begun
- Traders yank $1B from Binance in 24 hrs amid insolvency fears, echoing FTX implosion
- Bitcoin, Ethereum, XRP prices dragged down by plunging BNB token
- Some analysts think Binance can survive fine, but risks remain due to concentration of liquidity