According to a report, the US Department of Justice is considering filing charges against Binance and several of its officials as part of a lengthy investigation. Binance has denied this news.
In a tweet posted on Monday, the official Binance Twitter account made reference to the “wrong” Reuters report and pointed readers to the whole statement it provided to the news outlet on the subject. Changpeng “CZ” Zhao, the CEO of the company, later tweeted this.
Reuters has it wrong again.
Now they’re attacking our incredible law enforcement team. A team that we’re incredibly proud of – they’ve made crypto more secure for all of us.
Here’s the full statement we sent the reporter and a blog about our remarkable law enforcement team.
— Binance (@binance) December 12, 2022
Reuters reported on Monday that DOJ prosecutors are split on whether to accuse Binance of breaking American anti-money laundering regulations and sanctions. The story stated that the DOJ investigation targeting Binance started in 2018. It cited four unnamed sources who were familiar with the matter. Additionally, according to Bloomberg, the Justice Department was looking into Binance in 2021.
Unlicensed money transfer, a money laundering scheme, and criminal sanctions violations are among the alleged accusations being taken into consideration in the Reuters article. However, the paper emphasised that there has been no determination regarding whether the DOJ will ever charge Binance and its leadership.
