TechFlow news, according to Bloomberg, the U.S. Department of Justice is investigating whether the cryptocurrency exchange Binance has been illegally used to help Russia circumvent U.S. sanctions and transfer funds. The investigation into Binance is related to the Russia-Ukraine war, with the National Security Division of the U.S. Department of Justice leading the probe.
In response to Bloomberg, Binance stated that it complies with all U.S. and international financial sanctions. "In 2021, Binance launched a comprehensive initiative to reform its corporate governance structure, including bringing in experienced executive leadership, fundamentally changing how Binance operates globally. Binance maintains a zero-tolerance policy toward dual registration, anonymous identities, and opaque sources of funds."
