KuCoin saw a net outflow of over $780 million across multiple chains over the past 24 hours after the U.S. Department of Justice lodged charges against it on Tuesday, according to on-chain data.

Data from crypto analytics firm Nansen showed that KuCoin experienced a total outflow of $882 million in the last 24 hours as of Wednesday noon in Asia on several networks and inflow of $99 million, with a net outflow of $783 million. The data set covers flows on Ethereum, BNB Chain, Avalanche, Fantom, and Polygon chains. 

The notable exodus from KuCoin comes after the DOJ unveiled the indictment on Tuesday against KuCoin and two of its founders, alleging that they violated anti-money laundering laws. The Commodity Futures Trading Commission also reiterated in the KuCoin complaint that …