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DOJ Weighs Fraud Charges against Binance, Worried about Bank Run: Report

DOJ Weighs Fraud Charges against Binance, Worried about Bank Run: Report
US prosecutors are mulling over whether to initiate criminal charges against Binance, thereby turning the heat on 13 civil charges filed by the securities watchdog against the top crypto exchange earlier in June, Semafor reported today (Wednesday), citing insider sources. However, the Department of Justice (DOJ) is worried that such action could lead to a bank run, throwing the exchange into a position similar to that of the now-bankrupt crypto exchange, FTX. Prosecutors Contemplate Criminal Cha... Read More
Posted: Aug 2 2023, 18:02
Author Name: financemagnates
Views: 102327

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