The US Department of Justice (DoJ) is mulling whether to press fraud charges against Binance, as per a Semafor report.
However, as per the report, the DoJ is worried that if it indicts Binance, it could trigger a rush to withdraw balances on the exchange, similar to the rush that brought down FTX last November.
They worry this could result in customers losing money, as well as cause a fresh bought of panic in the broader crypto market….
Read More: Breaking: US Department of Justice Considering Fraud Charges Against Binance Crypto Exchange