As customers cash out billions, Binance halts withdrawals of stablecoin USDC

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According to Nansen data, nearly $2 billion has left the exchange in 24 hours. It’s yet another worrying sign for crypto.

Binance, the world’s biggest cryptocurrency exchange—which survived the wake of FTX’s collapse and had once even looked to bail out the floundering firm—now seems to be heading into its own storm.

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