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Thanks to the SEC's lawsuit against binance, an outflow of 1.2 billion dollars from the exchanges has been registered, something that has not been seen for a long time and more than 80 million bitcoin have been withdrawn from Binance and some 34 thousand bitcoin from other exchangers.

Incredibly after the lawsuit, Binance has had a withdrawal of 691 million dollars, which is equivalent to more than 50% of the total amount withdrawn among all the exchanges globally, something that had to affect the amount withdrawn is when the SEC sent the request for binance to freeze the funds of the affiliate Binance.US, which caused panic among users and this has impacted the prices of many cryptocurrencies.

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Despite the fact that Binance files this lawsuit and if the subsidiary were to freeze the funds for this reason, Binance has enough capital to respond to its users, but it is clear that we do not know what would actually happen if this were to happen.

Although the logic behind the news is that we withdraw our funds to avoid possible inconvenience and future problem and all these have caused binance to eliminate 100 pairs in the market since this is the news that is heard the most on social networks such as twitter.

I don't know why the SEC is so terrified of exchange houses that the best solution for them is to close all types of exchange operations in their country, this measure is causing Binance and Coinbase, among other houses, to withdraw from North American soil .

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What would happen if the funds were actually frozen? It will undoubtedly impact the price of many crypto assets in the market to such an extent that it could be said that the global market capitalization could fall by around 30%, although this figure is not exact since Binance is the exchange with the most money invested of its users.

Luckily, many users do not usually keep their money in exchanges and choose to have it in a cold wallet as a means of security, although it may not seem like it, there are approximately 36 million people in the world who choose to hold their crypto assets until they get it. the desired value to sell it.

Despite the lawsuit, there are still many users who think that the lawsuit will not take place, but the analysts think otherwise, it is a big fight between two, we will see what measure the most famous and number one exchange house in the world takes against the lawsuit, if it sedate or counterattack.

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