Crypto investors pulled $791.6 million from the crypto exchange Binance in 24 hours, crypto research firm Nansen said Tuesday, after U.S. regulators unveiled 13 securities charges against the company and its founder, Changpeng Zhao. After the collapse of allegedly fraudulent crypto exchange FTX in November 2022, investors moved their assets to a number of exchanges, but Binance won the lion's share of those inflows. Investors withdrew $1.65 billion worth of assets from Binance and $13 million from contested Binance's U.S. arm on the Ethereum blockchain after the charges were unveiled. The Commodity Futures Trading Commission had already unveiled a similar set of charges against the crypto exchange earlier this year. Correction: This story has been updated to reflect that the Securities and Exchange Commission brought the charges against Binance and Zhao.

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Persons: Changpeng Zhao, Nansen, Binance, Zhao, Sam Bankman Organizations: Binance Holdings Ltd, Monday's Securities, Exchange Commission, Investors, U.S, SEC, Futures Trading Commission, Securities and Exchange Commission, Binance Locations: Lisbon, Portugal, Binance, U.S