The report notes that "officials who probe money laundering and tax offenses have sought information from individuals with insight into Binance’s business." Though, while many traders were panicked by the headline, the report clearly states that Binance isn't facing any charges or fines - at least, not yet.
Also didn't help that it was announced that Binance is under DOJ/FBI investigation... https://www.zerohedge.com/markets/cryptos-slide-after-report-binance-under-investigation-irs-doj