<a target="_blank" href="https://tokeninsight.com/en/exchanges/binance">Binance</a> has experienced around $1.8B of outflows over the past 3 days in light of the SEC's lawsuit against the world's largest crypto exchange. On June 6, net outflow was recorded at $1.12 billion, and $700 million on June 7 according to data from Defillama.The data is for Binance main exchanges, not Binance US. The outflow is relatively normal fund flows for Binance, which implies a majority of users are not concerned with the recent action by the SEC.<img src="https://s2.tokeninsight.com/static/calendar/img202306080546066bcf3d83-dbf0-4eae-a093-d15787f37600.jpg">Previously, the U.S. Securities and Exchange Commission (SEC) asked a court to grant a temporary restraining order to freeze assets tied to Binance.US on Tuesday.CoinDesk reporter Nikhilesh De tweeted that there are two important timelines regarding the SEC's lawsuit against Binance US:<ul><li>The deadline for Binance and Binance.US to respond to the SEC's application for a temporary restraining order to "freeze assets" is 12 June;</li><li>The hearing on the motion for a restraining order is scheduled for 13 June at 14:00 ET.</li></ul>&nbsp;<a target="_blank" href="https://tokeninsight.com/en/cryptocurrencies">TokenInsight</a> is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email <a href="mailto:news@tokeninsight.com">news@tokeninsight.com</a>. Your trust will be well respected.

Binance Funds Outflow at Normal Level, SEC's Asset Freezening Hearing on June 13

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