Justin Sun Creates Panic Sell Effect? Over $1.3 Billion Withdrawn From Binance

Justin Sun was found to have withdrawn 34 million BUSD and 15.4 million USDT from Binance 9 hours ago. In the midst of the FUD siege, Binance’s withdrawal volume has increased dramatically in the past 24 hours.

On-chain data shows that Justin Sun withdrew 34 million BUSD and 15.4 million USDT from Binance 9 hours ago and transferred them to Paxos and Circle on suspicion of withdrawal.

However, the TRON founder replied that the recent allocation of funds was just a normal business cooperation.

Even so, it can be seen that the withdrawal volume on Binance in the past 24 hours has reached $1,343,978,116, which is at the top of the rankings for withdrawals from exchanges.

The massive user withdrawals occurred as Binance continuously received FUD in recent days. Not experiencing the accusation of blocking user accounts, the largest exchange in the market has been accused by Reuters of being involved in money laundering since 2018.

However, faced with the information on CEO Changpeng Zhao, he posted a status showing the hidden meaning of the media and calling on the community to “ignore FUD”.

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