But somebody figured out how to crack the post, and word spread. With Binance and its CEO, Changpeng “CZ” Zhao, having just been sued by U.S. regulators for “willful evasion” of U.S. laws, the idea that CZ might face a criminal probe rang true to many – and prices reacted accordingly as the rumor spread quickly. Binance’s exchange token and bitcoin rapidly dropped.
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