- A Reuters report said that US prosecutors are not yet done deciding whether to file criminal charges against Binance.
- Binance clapped back at Reuters, saying the media agency has got it “wrong” again.
- Changpeng Zhao also wrote a cryptic message about media entities working for a specific person.
The bottom may not be in, as new fear, uncertainty, and doubt (FUD) is floating in the air again. This time, it has something to do with the largest cryptocurrency platform in the world — Binance.
Specifically, a report from Reuters said that American prosecutors are considering filing criminal charges against Binance for possible violation of the law, including money laundering and criminal sanctions violations.
As per the report, the grounds for the charges date back from 2018, focusing on Binance’s compliance with anti-money laundering laws of the US. It is not clear if there is significant development happening around the potential case.
To this, Binance submitted a response, which was also shared on its Twitter account.
The exchange giant said that Reuters is “attacking” its law enforcement division. CEO Changpeng Zhao (CZ) even took the situation further by posting a cryptic message:
It is not clear who CZ was referring to, although he and FTX Founder Sam Bankman-Fried (SBF) have been at odds with each other. Conversely, the Reuters report did not name its sources.
The news seems to affect the crypto market little, at least at the time of writing. Bitcoin (BTC) is still trading at $17,000, according to CoinGecko. Meanwhile, Binance Coin (BNB) has slipped to $276.12, which signifies a 24-hour drop of 4.6%.
Read Also:
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
