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A source familiar with the matter told DailyMail.com that Binance is plowing the cash into Magnum Opus Acquisitions, the blank-check firm seed-funded by the Chinese government.

United statesHong kongUnited kingdomCayman islandsJonathan linFrank hanSimon matthewsSteve forbesChangpeng zhaoMike federleKevin leeExchange commissionChina investment corporationUs justice departmentMagnum opus acquisitionHong kong based magnum opus acquisition