Nansen: The market reacted weakly to the Binance scandal and Changpeng Zhao’s guilty plea
Nansen analysts state: the settlement of civil and criminal charges brought by the US authorities against the world’s largest crypto exchange Binance and its CEO did not lead to a noticeable flight of capital from the cryptocurrency platform. Within 24 hours after the US Department of Justice announced that Binance had agreed to pay a fine of $4.3 billion and the resignation of Changpeng Zhao as CEO, the exchange experienced a one-time net capital outflow…
