Binance's native BNB token plunges to lowest since July as concerns mount about withdrawals, FTX ties
Binance's Co-founder & CEO Changpeng Zhao has given several interviews discussing the outlook for cryptocurrency following a turbulent couple of weeks in the market. NurPhoto / Contributor / Getty Images Over a month after the collapse of FTX, investor concern over crypto exchange Binance isn't fading. Binance's native token, BNB, has fallen 15% in the past week, including a drop of over 6% in the past 24 hours. BNB, first minted in 2017, is the world's fifth most valuable cryptocurrency, with a market cap of about $39 billion, according to CoinMarketCap. It's behind only bitcoin , ethereum , tether and USD Coin. The latest issue looming over Binance is FTX's bankruptcy proceedings. Binance was the first outside investor in FTX. In exiting its equity position in the company last year, Binance received payment equal to roughly $2.1 billion. In an interview with CNBC's "Squawk Box" on Thursday, Binance CEO Changpeng Zhao dismissed concer...