• <a fr-original-style="" href="https://www.engadget.com/sec-is-investigating-binance-over-its-bnb-token-000556001.html" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">The US Securities and Exchange Commission</a> (SEC) is reportedly investigating Binance, the world's largest crypto exchange, to find out whether its BNB token was an unregistered security during its 2017 initial coin offering. Binance also reportedly processed at least &nbsp;$2.35 billion in illegal transactions tied to drugs, hacks and fraudulent activity, according to a Reuters investigation.<ul fr-original-style="padding-inline-start: 20px;" style="padding-inline-start: 20px; margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">Background: BNB coins are primarily used to pay transaction fees on Binance, which is currently the largest global crypto exhange. The company is also facing a seperate SEC investigation from February about alleged ties between tis founder adn two trading firms.</li></ul>

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