Midweek Roundup: Signature Bank Under AML Investigation Before Downfall, Binance Halts Cryptocurrency-Cash Conversions in Britain, and More

U.S. prosecutors and securities regulators were investigating Signature Bank on suspicion of violating anti-money laundering rules before state authorities in New York seized the cryptocurrency-friendly lender, Bloomberg reported. More Binance, the world's largest cryptocurrency exchange, halted deposits and withdrawals in pounds sterling after losing its U.K. banking partner, Paysafe, amid growing turmoil in the cryptocurrency industry, Reuters reported. More Federal prosecutors in New York are investigating whether the parent company that owns Truth Social, former President Donald Trump's social media platform, laundered money by accepting $8 million in loans from offshore legal entities tied to Russia, the Guardian reported. More...