Venture capital investor Kevin O’Leary claimed at a U.S. Senate committee hearing that Binance and FTX were at war with each other, and one put the other out of business intentionally. The hearing was part of a larger investigation by lawmakers into FTX’s collapse, in which Binance had a significant role, OLeary claimed. Recent days have seen Binance beset by fear, uncertainty, and doubt (FUD), resulting in a drop in the exchange’s liquidity. Crypto analytics firm Nansen reports that Binance had net withdrawals of more than $3.6 billion from Dec. 7 to Dec. 13.
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Source: Cryptocurrency - investing.com
