Following Monday's announcement of a lawsuit by the Commodity Futures Trading Commission (CFTC) against Binance and its CEO Changpeng "CZ" Zhao, the crypto exchange's BNB token tumbled overnight.

BNB token slipped by 5.4% in the last 24 hours—the largest drop of any token in the top 10 by market cap—according to CoinGecko. Over the past 24 hours, Bitcoin has also slipped by 2.8% to $27,157, and Ethereum by 1.1% to $1,746, leaving BNB's large stumble as the outlier.The leading cryptocurrency exchange by trading volume was accused by the U.S. regulator of having violated trading derivatives rules, according to a lawsuit filed by the CFTC in a Chicago federal court