5:06 PM · 2 August 2023

BREAKING: US Department of Justice considering sanctions against Binance! Bitcoin is falling!

The Binance exchange has once again come under fire for comments from US regulators.

This time, the US Department of Justice (DoJ) has indicated that it is considering sanctions against the exchange for fraud.
US prosecutors have expressed concerns that such a move could trigger a run on Binance withdrawals.
The amount of bitcoin stored on centralised exchanges has been declining for some time - the apparent trend of storing it on private so-called 'cold wallets'.

Bitcoin and Binancecoin reacted violently to the announcement by the US Department of Justice, however, a rebound movement was initiated very quickly. Source: xStation 5

Source: xStation 5

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