Crypto exchange Binance has seen $2.1 billion in outflows on the Ethereum blockchain in a week, as the Commodity Futures Trading Commission (CFTC) sued the company for operating illegally in the US. Binance's decision to reinstate fees on spot bitcoin trading and software issues further contributed to the outflows. The exchange's spot market share dropped from 57% to 30% after trading fees were reintroduced. Meanwhile, Binance.US, the American affiliate, was blocked from acquiring Voyager Digital's customer accounts by a federal judge. The company expects to pay monetary penalties to settle US investigations into its business.
