​There's a federal probe into Binance

In a climate like this, to hear that crypto companies are coming under scrutiny by law enforcement is like saying:

"It's wet when it rains," or "Nelly Furtado, much like a bird - always flies away."

We know this.

BUT! When it comes to Binance, there's a twist to the story...

While everyone else is under new investigation, the case against Binance is an old one.

(And, apparently, gathering new steam).

The Feds are currently seeking fresh information in their 4-year-old investigation into Binance, presumably due to their size and proximity to FTX.

(I.e. they want to make sure Binance isn't FTX 2.0).

To no-ones surprise, Binance's response is something along the lines of:

'Yeah, we get it. Every man and his dog are investigation at the moment. We'll comply and everything will be fine, because we play by the rules.'

But this isn't some routine inspection.

The U.S. Department Of Justice (DOJ) are looking to gather sufficient evidence to file charges against Binance executives, including its CEO, Changpeng Zhao (CZ).

As to whether there is, or ever will be any teeth to the case? No one knows just yet.

Only time will tell.