According to TechFlow, according to data monitoring by on-chain analyst Lookonchain, after the report of the U.S. Securities and Exchange Commission (SEC) suing Binance was released, digital asset liquidity service provider Cumberland withdrew 67.9 million USDC from Circle and deposited 67.1 million USDC into Coinbase. Digital asset platform FalconX received 37 million USDC from Circle and deposited 29.5 million USDC into Binance. The two institutions deposited a total of 96.6 million USDC into the exchange.
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Cumberland and FalconX deposited 96.6 million USDC into exchanges after SEC sues Binance News
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