US DOJ Considers Suing Binance, But Worries about Potential Run on Exchange

US DOJ Considers Suing Binance, But Worries about Potential Run on Exchange

The U.S. Department of Justice is considering fraud charges against Binance, but also worries that the move could cause a run on the exchange and spur a panic in the crypto markets, Semafor reports.

According to people familiar with the matter, the DOJ is also considering other options, such as fines and deferred or non-prosecution agreements.

The $BNB price dropped immediately after the report was published. According to TokenInsight data, the price of $BNB dropped 3.04% over the last 24 hours, trading at $240.29 now.

Earlier this year, Binance was sued by the US Commodity Futures Trading Commission and Securities and Exchange Commission.

Related: CZ and Binance Sued by CFTC

SEC Sues Binance and CEO Changpeng Zhao for Securities Law Violations

 

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