Is Binance the next crypto giant to fall?

You might have missed this given SBF’s arrest in the Bahamas, but according to an exclusive report by Reuters dated only yesterday, Binance is under investigation for unlicensed money transmission, money laundering conspiracy and criminal sanctions violations.

Prosecutors are apparently divided on how to conclude the investigation, despite some members in the Department of Justice claiming there is already sufficient evidence to justify aggressive action against Binance. The news was followed by $1.29bn in net outflows in only 24 hours.