From zerohedge.com

It's not a good day for cryptos which after being hammered earlier on the Elon Musk reversal, just legged lower after a Bloomberg report that the world's biggest cryptoexchange Binance is under investigation by the Justice Department and Internal Revenue Service. chart The report notes that "officials who probe money laundering and tax offenses have sought information from individuals with insight into Binance’s business." Binance - which is led by Changpeng Zhao, "a charismatic tech executive who relishes promoting tokens on Twitter and in media interviews" - is incorporated in the Cayman Islands and has an ... (full story)