Binance Hits Back at Reuters for “Wrong” Reporting

1. A Reuters report said that US prosecutors are not yet done deciding whether to file criminal charges against Binance.
2. Binance clapped back at Reuters, saying the media agency has got it “wrong” again.
3. 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.

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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%.

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