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

6:06 PM 2 August 2023

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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