Following the publicized Binance lawsuit, Cumberland and FalconX collectively deposited 96.6 million USDC onto the trading platform.

According to BlockBeats news on June 6th, following the news of the SEC's lawsuit against Binance, cryptocurrency market maker Cumberland withdrew 67.9 million USDC from Circle and deposited 67.1 million USDC into Coinbase. Cryptocurrency broker FalconX received 37 million USDC from Circle and deposited 29.5 million USDC into Binance. These two institutions deposited a total of 96.6 million USDC into the trading platform.