Federal prosecutors have reportedly issued subpoenas to several US hedge funds dealing with Binance Global, the world’s largest cryptocurrency exchange.
See related articles: U.S. Department of Justice Considers Indictment of Binance for Money Laundering Violation: Report
quick facts
-
According to two unnamed Washington Post sources familiar with the matter, the US Attorney’s Office for the Western District of Washington in Seattle is reportedly seeking records of communications between the subpoenaed companies and Binance.
-
As of last December, the U.S. Department of Justice was divided on whether to indict Binance and its executives in an anti-money laundering probe against the company.
-
A subpoena does not necessarily result in a lawsuit being filed against Binance, according to the report.
-
Binance Chief Strategy Officer Patrick Hillman told The Washington Post that the company is in talks with “virtually every regulator around the world on a daily basis,” but would not comment on the status of the investigation. refused.
-
Former prosecutor John Gorse told The Washington Post that the Justice Department may be investigating whether Binance violated the Bank Secrecy Act.
-
Following the multi-billion dollar bankruptcy of FTX.com, a Bahamas-based cryptocurrency exchange, scrutiny of the crypto industry has increased significantly.
-
The U.S. Securities and Exchange Commission last week objected to a proposal by the U.S. arm of Binance to purchase the assets of bankrupt crypto lender Voyager Digital for US$1 billion, with the purchase agreement noting Binance’s ability to complete the transaction. said to lack sufficient details of
See related articles: SEC Disputes Binance’s $1 Billion Deal To Buy Voyager Digital’s Assets
