Spanish court is investigating Binance for alleged misappropriation of funds after a plaintiff accused the exchange of withholding his investment. The judge has given the plaintiff's legal team 10 days to present their formal indictment. This comes as Binance faces accusations of market manipulation and money laundering in other jurisdictions. The Spanish court case could potentially lead to a formal legal battle for Binance in the country. Binance is also facing a class action lawsuit in the US. These mounting legal troubles pose a threat to Binance's credibility, although the exchange is still attempting to rebuild itself by rebranding its research institution.



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