Crypto exchange binance is reportedly under legal scruntiny, with US authorities contemplating non-prosecution agreements to minimize the impact on consumers.
The United States Department of Justice is reportedly considering charging cryptocurrency exchange Binance with fraud, but hesitating based on costs to consumers.
According to an Aug. 2 Semafor report citing people familiar with the matter, Justice Department officials areabout an indictment against Binance causing a run on the exchange similar to what happened with FTX in November 2022. They are reportedly considering fines or non-prosecution agreements for Binance rather than criminal charges in an effort to reduce the harm to consumers.
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