Re: DOJ Mulls Bringing Criminal Charges Against Binance- Report
The United States Department of Justice is reportedly conflicted on whether to file criminal charges against Binance now or after further investigation.
Binance could soon be hit with charges of unlicensed money transmission, money laundering conspiracy, and criminal sanctions violations, according to a Reuters report.
The officers in charge of the investigation are reportedly conflicted on whether to file charges using the evidence already gathered, or keep investigating.
Changpeng Zhao responded to the report with a tweet implying that Reuters was being paid by Sam Bankman-Fried to spread fear, doubt, and uncertainty about Binance.
Zhao, for his part, responded with a tweet implying that Reuters was being paid by former FTX CEO Sam Bankman-Fried to spread fear, doubt, and uncertainty about Binance. Zhao has been critical of Reuters reporting on Binance in the past, stating that some of their previous articles were inaccurate and written by irresponsible journalists.
How will this affect the bitcoin price? Will it go down further?
Good post, I think Binance is over leveraged by Chinese banks by 1000x whereas FTX was leveraged 100x an American bank can leverage money by 10x legally. So its a wild world we live in will Binance fall to this? Will Tether finally collapse? I actually don't want Binance to falter we've had enough contagion and it might surprise people but it might cause people to sue the SEC and Gensler for their transgressions of regulation which caused further contagion of the markets.
Heres a funny video:
https://www.youtube.com/watch?v=cWc6DOYQPbU
Here is a serious video of Kevin O'Leary trying to make sense and get his own money back
:https://www.youtube.com/watch?v=uK7QXlgtbdg