Industry’s largest cryptocurrency exchange after FTX collapse Volume, Binance has been surrounded by rumors and speculation lately. On Dec. 12, 2022, Reuters reported that U.S. Department of Justice prosecutors were investigating Binance, according to four people familiar with the matter. Moreover, while many cryptocurrencies have gained in value over the past week, Binance’s exchange token has fallen about 6.9% against the US dollar over the past seven days.
Binance’s BNB hit by speculation surrounding world’s largest cryptocurrency exchange
and FUD (Fear, Uncertainty, Doubt) following the aftermath of the recent FTX collapse. Across social media, there has been speculation about Binance’s Proof of Reserve (POR) and criticism of the company’s POR efforts.