This is the best tl;dr I could make, original reduced by 70%. (I'm a bot)

> U.S. prosecutors may charge Binance, the largest cryptocurrency exchange, and its top executives with money laundering and sanctions violations, the latest twist in a probe that began in 2018 and gained traction during the FTX collapse that shocked the industry.

> Binance and its CEO have been instrumental in reacting to the recent collapse of the FTX exchange, which rocked the industry.

> First, as rumors of FTX's insolvency began to circulate, Binance pulled the plug on $529 million in FTX token holdings, a move that undermined its now-bankrupt rival.

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