Crypto exchange Binance, which has been in regulators’ crosshairs for months in numerous countries, may now face new fraud charges in the United States.
That’s according to a tweet that crypto commentator Walter Bloomberg sent out Wednesday afternoon, which quickly racked up more than 141,000 views. In a separate tweet, Bloomberg noted that US prosecutors fear that pending charges could cause a run on the exchange.
Binance in the Prosecutors’ Spotlights
A US court slapped Binance CEO Chanpeng Zhao (“CZ”) with a summons in June. The counts involved offerings of unregistered investment services. Not to mention lying to investors. So the rumored fraud charges are not a surprise to everyone.
Some may have seen the new charges coming anyway, given the fear, uncertainty, and doubt (FUD) swirling around Binance and CZ.
Still, there has been an awful lot of bad news for Binance in the space of a week. On July 28, a Wall Street…
