Outspoken economist Nouriel Roubini described crypto and some of its major players as an "ecosystem that is totally corrupt."
"The lesson of the last few weeks is these people should be out of here," Roubini added.
Recent turbulence in the crypto market has seen the collapse of one of the world's biggest crypto exchanges, FTX, with the revelation of highly risky and unsustainable borrowing and lending by the company and related investment funds.
The price of bitcoin has plunged below $17,000 for the first time since 2020, and some fear the contagion could spread to topple other major players, such as Crypto.com.
Binance has repeatedly centered the story around FTX, with the company initially suggesting it would buy its failing rival before pulling out of the deal.