Binance, Binance.US, and Coinbase collectively lose $4B in outflows

The US SEC has sued both Coinbase and Binance for allegedly violating securities laws.
Most of the outflows are occurring through Ethereum Network.
Between Monday and Thursday, there was a net outflow of $3.1B through the Ethereum network alone.The US Securities and Exchange Commission (SEC) started by suing Binance, and its US affiliate that operates Binance.US before casting the net wider to include Coinbase. The SEC filed a lawsuit against accusing Binance, its American firm Binance.US, and