TechFlow news — According to the Wall Street Journal, three U.S. senators sent a letter to Binance founder Changpeng Zhao and his top U.S. executive Brian Shroder, stating that “Binance and its affiliated entities have deliberately evaded regulators, transferred assets to criminals and sanctions evaders, and concealed essential financial information from its customers and the public.”
The senators requested that Zhao and Shroder provide copies of Binance’s balance sheets since 2017, as well as the number of U.S. users on its platform during that period. Additionally, they demanded documents related to Binance’s anti-money laundering policies and procedures; information about the relationship between the global exchange and its U.S. affiliate; and disclosure of any communications indicating efforts to restrict compliance. The senators required Binance to respond by March 16.
In response, Binance stated in a press release that numerous inaccuracies about the company have circulated, but expressed appreciation for the senators’ inquiry and said it would provide information to help them better understand the company.Source link
