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<p class="is-style-lead">As the US Securities and Exchange Commission (SEC) <a href="https://crypto.news/sec-sues-binance-and-cz-for-securities-violations/">unveiled</a> a legal case against Binance, some users have been trying to get their assets out of the exchange.</p>



<p>Data provided by Whale Alert shows that a whale deposited 115.27 million polygon tokens (MATIC) to BinanceUS. The assets were worth roughly $95.45 million at the time of the transaction.</p>



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<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">🚨 🚨 🚨 🚨  115,270,000 <a href="https://twitter.com/hashtag/MATIC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#MATIC</a> (95,455,693 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/BinanceUS?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#BinanceUS</a><a href="https://t.co/AmLLARmKtx" target="_blank">https://t.co/AmLLARmKtx</a></p>&mdash; Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1666041483248431104?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 6, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>However, the SEC requested a US federal judge to <a href="https://www.cnbc.com/2023/06/06/sec-asks-for-emergency-order-to-freeze-binance-us-assets-anywhere-in-the-world.html" target="_blank" rel="noopener">freeze</a> all the Binance US assets, which caused a notable rise of FUD (fear, uncertainty and doubt) in the industry.</p>



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<p>As the negative news around BinanceUS emerged, two <a href="https://crypto.news/whales-make-sudden-multi-million-dollar-moves-on-lido-dao-illuvium-and-holo/">whales</a> withdrew 76.47 million MATIC coins from the exchange’s US subsidiary. </p>



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<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">🚨 🚨  52,052,832 <a href="https://twitter.com/hashtag/MATIC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#MATIC</a> (42,082,720 USD) transferred from <a href="https://twitter.com/hashtag/BinanceUS?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#BinanceUS</a> to unknown wallet<a href="https://t.co/BVAuWnyIsD" target="_blank">https://t.co/BVAuWnyIsD</a></p>&mdash; Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1666273910751481857?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 7, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>The first whale transferred 24.42 million tokens, worth $19.74 million at the time of the transaction, from the exchange to an unknown wallet. Moreover, the second whale withdrew a whopping 52.05 million coins, worth roughly $42.08 million, from BinanceUS to another unknown wallet.</p>



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<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">🚨  24,422,457 <a href="https://twitter.com/hashtag/MATIC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#MATIC</a> (19,748,379 USD) transferred from <a href="https://twitter.com/hashtag/BinanceUS?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#BinanceUS</a> to unknown wallet<a href="https://t.co/wdfUJXZ5Bb" target="_blank">https://t.co/wdfUJXZ5Bb</a></p>&mdash; Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1666273407606960129?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 7, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>Furthermore, the recent FUD around Binance and the SEC has caused a stir, and data shows that whales are selling more than they’re buying. </p>



<p>According to <a href="https://www.whalestats.com/analysis-of-the-top-100-eth-wallets" target="_blank" rel="noopener">WhaleStats</a>, the top 100 Ethereum (<a href="https://crypto.news/price/ethereum/">ETH</a>) <a href="https://crypto.news/ethereum-whales-holdings-hit-new-ath-as-price-slips-further/">whales</a> have bought around $184 million worth of crypto assets in the past 24 hours, while their selling volume reaches $214 million.</p>



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Whale withdraws almost $62m worth of MATIC from BinanceUS

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