Will BNB lose more market share in the coming days? binance
Binance has suffered a lot of FUD in recent days, with serious accusations being made against the leading exchange on the cryptocurrency market, which has negatively impacted the capitalization of BNB, the crypto platform’s token.
U.S. authorities are investigating whether the crypto trading platform failed to follow anti-money-laundering laws and sanctions imposed against countries, individuals and companies.This was enough to bring major panic to people who have entrusted their investments to Binance. For example, last week, about $1.14 billion in net withdrawals took place at the cryptocurrency exchange.
The rumor was that the abnormal trades might have originated from hackers. The attackers would have stolen the API keys of some users through 3Commas. As a result, they would be using these accounts to execute the trades. As such, the recent movements look more like FUD than something that should really concern the Binance crypto investor. With a market upturn, BNB will remain down, as it has a reason for a capitalization increase.
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