Binance Refutes Reports of DOJ Probe
Binance has addressed reports that it is facing a probe from the US Department of Justice for money laundering. On Monday, the platform took to Twitter to announce to users via its official account that the rumors were untrue. Alleged Charges Over Money Laundering Speculations of a run-in with the law emerged after a publication alleged that Binance was in the middle of a criminal investigation. The release claimed that the authorities were looking into the firm due to suspicions of money laundering. Binance executives, including CEO and founder Changpeng Zhao, supposedly did not escape the charges. The alleged charges included unlicensed money transmission, money laundering conspiracy, and criminal sanctions violations. KYC & Audit Solutions! SolidProof Citing 4 sources, the publication claimed that the prosecutors’ case against Binance has been on the table for up to 4 years. Divisions regarding whether or not the evidence was sufficient to act report...