Binance, which is in trouble with investigations and lawsuits in the USA, attracted attention with the activity in its wallets before the criminal proceedings worth $ 4 billion.
The US Department of Justice had asked cryptocurrency exchange Binance for $4 billion to end its ongoing investigation into the company’s years of criminal activities, including money laundering and fraud. This situation, which includes the possibility of the exchange’s CEO Changpeng Zhao facing criminal charges, hit the agenda like a bombshell with the developments regarding wallet transfers.
The 4 billion dollar transfer transaction made on November 9 escalated the situation!
Binance continues to be in the target of the Ministry of Justice since 2018. Federal prosecutors allegedly requested internal records regarding the exchange’s anti-money laundering policies and Zhao’s internal communications from 2020. In addition, Binance is being investigated by the Ministry of Justice for allegations that it allowed Russian users to evade international sanctions following the start of the Russia-Ukraine war.
Binance, which was in trouble especially for its activities on the US side, was charged a bill of $ 4 billion. The most striking aspect of the incident took place 12 days before the news of the sentence. Binance, which transferred $3.9 billion from its cold wallet to its own wallet on November 9, brought many questions to mind.
The fact that the penalty amount to be applied to Binance and the transfer made on November 9 were so close created doubts about whether there was an insider flow of information. Allegations were made that Binance, which made such a move 12 days ago, received inside information about the US tension. An official statement has not yet been made regarding the balance between the transfer and the penal action.
BNB shook the market with a 12 percent price movement!
BNB, which experienced incredible volatility after the events, dropped to $ 238 and then shot directly to $ 268. BNB, the local token of the exchange, which fluctuated by 12.63 percent in a very short time, is currently traded at $ 258.9. If various problems on the Binance side continue, there may be a retreat to $ 238, then to $ 221 and $ 203.
BTC heading towards $40,000, Binance successfully overcoming this Fud environment, or positive critical news on a sector basis will push BNB up again. In such a case, the target levels would be 260.5 – 290.1 and 316.8 dollars, respectively.
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