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Following the collapse of FTX in November, the crypto industry has experienced a rollercoaster ride of emotions. This week is no exception. Reuter reported that Binance was allegedly involved in violating sanctions and money laundering laws. We also see Jump Trading and Justin Sun transfer a huge amount out of Binance. Binance even temporarily paused withdrawals of USDC, which stirred up more fear of another crypto crash.

On Dec. 13, there was a spike in customers withdrawals, with net outflows reaching $3 billion within 24 hours. As investors continue to move their funds off Binance, CZ has been reassuring investors that the exchange has seen higher volume of withdrawal when Luna and FTX collapsed. Justin Sun also revealed that he has deposited 100 million back into Binance, hoping to calm the market.

Do you think this heavy withdrawal is pure FUD, “fear, uncertainty and doubt”, that was spread across the media or is Binance going to be the next domino to fall?