A new case comes to consolidate the stormy weather of the crypto universe, still tested by the collapse of the Terra and FTX exchanges. Indeed, Binance lawyers have held meetings with some officials from the US Department of Justice. According to Reuters, potential plea agreements have been signed between the two parties. Moreover, the exchange reminded that criminal prosecutions in this time of crypto uncertainty could greatly exacerbate the crisis.
US prosecutors consider lawsuit against Binance
The rag is burning between the Binance crypto exchange and the US Department of Justice. For good reason, the prosecutors of the said ministry recently launched a hunt against the CEO of Binance ChangPeng Zhao.
According to Reuters, criminal charges against the Binance leader date back to 2018, during an investigation into anti-money laundering laws and sanctions. Three Justice Department prosecutors are believed to be involved in the case. The Money Laundering and Asset Recovery Section (MLARS) Officer, the Attorney for the Western District of Washington, and the National Cryptocurrency Enforcement Team.
However, according to our sources, prosecutors disagree on how to proceed. Some advocate to act aggressively against Binance and others wish to take the time to analyze more evidence. In addition, in a statement shared on its twitter account, Binance tries to deny it by saying that: “Reuters got it wrong again “.
Similarly, in a statement on Decrypt, Binance’s spokesperson said speaking of the crypto that: “This nascent industry has grown rapidly, and Binance has shown its commitment to security and compliance through significant investments in our team and in the tools and technology we use to detect and deter illicit activity. »
Recall that at the time Binance had published an announcement in which it claimed to take its legal obligations very seriously. As well as its collaboration with the regulators and law enforcement for a strong compliance program. Which would fight against the principles and tools of money laundering used by evil financial institutions.
Conclusion
The proof of Binance reserves have received a lot of criticism since their publication. Another scandal is coming to further trouble the crypto world. Indeed, a report of Bloomberg of 2021 revealed that the Department Of Justice and the IRS are investigating Binance. In 2022, Reuters reports the same facts, supported by four sources familiar with the matter.
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