According to a report from Semafor, US prosecutors believe charging Binance with fraud could result in mass withdrawals from the crypto exchange, which is something we saw with the collapse of FTX.

Because of this, Semafor reports that the DOJ is looking into imposing fines and deferred or non-prosecution agreements instead. That still doesn’t mean Binance is off the hook — the exchange and its founder Changpeng Zhao are already facing charges from the SEC.