Several transfers of SHIB have been spotted, moving astounding lumps of Shiba Inu to Binance exchange
On Dec. 14, CZ of Binance took to Twitter to announce that the situation regarding massive withdrawals from the exchange had stabilized and deposits started coming back in. U.Today reported that, at one point, aroundOver the previous day, investors and traders were actively converting BNB and BUSD into Ethereum and ERC20 tokens to withdraw them to cold wallets or other exchanges. The BNB price dropped significantly. Within one day, close to $2 billion worth of crypto withdrawals was processed.
However, CZ tweeted that the exchange faced bigger withdrawals during the periods in which FTX and LUNA crashed, and the aforementioned funds movements were not even in the top five biggest withdrawals they witnessed. The withdrawals began after the U.S. prosecutor's office announced it was considering charging Binance with money laundering. CZ commented on that, claiming that it was FUD .
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