Major cryptocurrencies experienced mixed trading on Thursday evening, on the eve of Thanksgiving.
What Happened: The recent developments surrounding Binance and its former CEO Changpeng Zhao have marked a significant shift in the crypto industry.
Binance’s settlement with the Department of Justice, involving a payment of $4.3 billion in fines, stands as one of the largest corporate settlement cases in the history of the United States. Furthermore, following his resignation as CEO, Zhao has been fined $50 million and is required to post a $175 million personal recognizance bond. There is also the possibility of an 18-month prison sentence, with a hearing scheduled for Feb. 23.
The data compiled by CryptoQuant suggests that Bitcoin is being transferred from Binance to Coinbase. In the past ...