$100M funding round for Binance US falls through on regulatory concerns

Cointelegraph

Published Aug 19, 2021 09:39PM ET

Updated Aug 20, 2021 11:40PM ET

Regulatory concerns surrounding Binance US have reportedly culminated in investors backing out of a $100-million funding round.

The failed funding round also prompted Binance US CEO Brian Brooks’ surprise decision to step down after serving as its executive for just three months.

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