Crypto traders lost almost $300 million per day due to the situation with Binance

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Mostly due to the situation withBinance cryptocurrency exchange affected users of the platform itself - they lost $96.55 million. They were followed by OKX users ($81.30 million) and Bybit ($36.77 million).

Also in the last 24 hours it was liquidatedalmost 109,000 trader positions. Bitcoin orders accounted for about $111 million, and Ether orders accounted for $38 million. The largest single liquidation order, worth $9.94 million, was recorded on the Bitmex exchange.

Yesterday, June 5, the Securities and Exchange CommissionUS Exchange Commission (SEC) sued Binance and its founder Changpeng Zhao. In its lawsuit, the regulator claims that Zhao created a “web of deception” using the cryptocurrency exchange. 

The platform is also accused of falsifying trading volumes and trading in unregistered securities. The SEC has classified 61 crypto assets as securities, including SOL, ADA, MATIC and ATOM. 

The situation with Binance led to a depreciationbitcoin. Some investors decided to sell their BTC, causing the rate of the first cryptocurrency to fall by 5%. Over the week, the price of Bitcoin fell by 7.5%. BTC is currently trading at $25,700, although a week ago the rate reached $27,800.