TechFlow reports, according to Spot On Chain monitoring, approximately $500 million worth of assets have flowed out from KuCoin on the Ethereum network within the past few hours following criminal charges filed by the U.S. government against KuCoin.
The outflows include 274 million USDT, 15,500 ETH (approximately $55 million), 50 million ONDO (around $46 million), 12 million FET (about $34 million), and 95.38 million GHX (roughly $21.8 million).
KuCoin's hot wallets currently still hold over $3.6 billion in assets on the Ethereum network.
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