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Home Crypto News

Binance Could Face U.S. Fraud Charges, but Prosecutors Worry About Risk of Bank Run: Semafor

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August 2, 2023
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But federal prosecutors fear an indictment could trigger a run on deposits at Binance, causing the exchange to crumble like FTX did last fall. They are weighing alternatives such as “fines and deferred or non-prosecution agreements,” sources told the publication.

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