Capital flight from Binance subsidies: Report

It appears that withdrawals from crypto exchange Binance have largely subsided after its $4.3 billion settlement with the U.S. Department of Justice last week. 

Data from blockchain analytics firm Nansen shows that Binance witnessed a net inflow of $87.4 million in Ethereum token deposits in the past seven days. Meanwhile, the net withdrawal of multi-chain tokens, which includes Ethereum, BNB Chain, Avalanche, and Polygon tokens, totaled $59.2 million during the same period. In the initial aftermath of the $4.3 billion settlement, Binance users withdrew more than $1 billion from the exchange.

Following the initial rush of deposit withdrawals from @binance last week in response to the news…

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