US Department of Justice Opens Investigation Against Binance CEO!
1 year ago
The US Department of Justice has reportedly opened an investigation into the world's largest exchange Binance and its founder, Changpeng Zhao (CZ), for possible money laundering crimes.
Citing a written request letter in late 2020, Reuters announced
Binance Under Pressure
The Justice Department also asked the exchange to send its internal communications between CZ and its 12 top executives and partners at the exchange.
Authorities continue to work very hard at detecting the exchange's illegal transactions.
Ministry officials also requested further records, which included instructions to "destroy, replace, or remove files."
The request is part of an investigation into the exchange's compliance with US financial crime laws, according to four people closely following the matter.