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US DoJ Concerned About Potential Bank Run if Fraud Charges Brought Against Binance

The US Department of Justice is considering bringing fraud charges against Binance, but is concerned about the potential impact on the exchange's customers and the wider crypto market. Prosecutors are exploring alternative measures, such as deferred agreements and fines, to hold Binance accountable for alleged violations without risking consumer funds. This comes after the SEC accused Binance of violating various laws, including mishandling customer funds and faking trading volume. Binance has denied the allegations and accused regulators of issuing false and misleading statements.

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