Earlier than information broke in regards to the arrest of disgraced former CEO of FTX, Sam Bankman-Fried, Binance discovered itself trending on Twitter, as Reuters reported an “unique” report that U.S. Justice Dept is break up over charging Binance. Reuters reported;
Splits between U.S. Division of Justice prosecutors are delaying the conclusion of a long-running felony investigation into the world’s largest cryptocurrency alternate Binance, 4 individuals conversant in the matter have instructed Reuters.
The investigation started in 2018 and is targeted on Binance’s compliance with U.S. anti-money laundering legal guidelines and sanctions, these individuals mentioned. Among the a minimum of half dozen federal prosecutors concerned within the case imagine the proof already gathered justifies shifting aggressively towards the alternate and submitting felony expenses towards particular person executives together with founder Changpeng Zhao, mentioned two of the sources. Others have argued taking time to overview extra proof, the sources mentioned.
The credibility of the mainstream press has plummeted as of late, with Gallop reporting in October of 2022 that solely 34% of People belief that the media is reporting “absolutely, precisely and pretty” …which stays close to a file low. The media’s reporting ways draw eerie comparisons to days of William Randolph Hearst’s yellow journalism model of newspaper reporting… emphasizing sensationalism over info. This appears to be the case, based on Binance, who tweeted;
Reuters has it mistaken once more.
Now they’re attacking our unbelievable regulation enforcement crew. A crew that we’re extremely pleased with – they’ve made crypto safer for all of us.
Right here’s the complete assertion we despatched the reporter and a weblog about our exceptional regulation enforcement crew.
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