Binance's BNB Token Saw Millions in Sell Orders Right Before SEC Lawsuits

Binance's BNB Token Saw Millions in Sell Orders Right Before SEC Lawsuits

BNB’s open interest, the total number of outstanding derivative contracts held by investors, also increased in the first nine hours of June 5 by nearly $30 million, according to Coinalyze, which also occurred before the 11:15 am news of the SEC alleging Binance commingled customer funds and operated an unregistered securities exchange.