What happened to Binance Australia?

I'm sorry to hear about the recent news regarding Binance Australia. Could you please elaborate on what exactly happened? Was it a regulatory issue, or was it something else? I understand that Binance is a globally renowned cryptocurrency exchange, so this must have come as a surprise to many. What are the implications of this for Binance's global operations, and what measures are they taking to address the situation? I'm also curious about how this might affect Australian crypto investors and the crypto industry in general. Could you provide some insight into that as well?