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BNB Records a Sharp Drop After Alleged Binance Prosecution Plan by U.S. Authorities

The value of BNB has recorded sharp losses after it emerged that United States authorities have plans to charge the token’s parent company and crypto exchange Binance over alleged financial crimes. 

In particular, by press time, BNB, the fourth largest cryptocurrency by market capitalization, was trading at $276, recording losses of about 4% in the last 24 hours. As per Finbold data, BNB has extended its losses in the last seven days, recording a slump of about 5% on the weekly chart.

(by Paul L.)

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