DOJ officials have discussed possible plea deals with Binance's attorneysBinance says it has no insight into the "inner workings of the US Justice Department"
Through interviews with almost a dozen people familiar with the case, including current and former U.S. law enforcement officials and ex-Binance advisors, along with a review of company records, Reuters has pieced together the most comprehensive account so far of how the investigation developed and. Prosecutors' deliberations on charging Binance have not been previously reported.
The charges under investigation are unlicensed money transmission, money laundering conspiracy and criminal sanctions violations, the four people said. No final charging decisions have been made, though prosecutors consider Zhao and some other executives to be subjects of the investigation, one source familiar with the situation said.
FTX imploded in early November, triggering a wave of public demands for greater regulation of the cryptocurrency industry. Founder Sam Bankman-Fried had boasted his exchange was the "most regulated," but he based it in the Bahamas, where oversight was light, and. The Justice Department has opened an investigation into FTX's handling of company funds, Reuters has reported.
The Seattle office partnered with MLARS to pursue the case, along with agents from the IRS Criminal Investigation division. A guide issued to employees for one encrypted messaging service listed its "automatic self-erasing messages" as a benefit. A Binance.US spokesperson said Reuters' questions were "fueled with false insinuations," and Binance.US was a separate entity with its own leadership team who are "solely responsible for overseeing decisions and activity across the business."
His hiring was part of a recruitment program by Binance among law enforcement officials in the United States, offering salaries that far exceeded what was available at many other finance and crypto firms, according to four people familiar with the outreach.
kln_nurv The only thing that happens, more companies will leave the US. Which is good for other countries that appreciate innovation and new business opportunities.
Most likely a slap on the wrist and a fine. I doubt this will be anything at all.
Unbelievable.. So SBF & FTX crew still doing interviews & Conferences?!?
cz_binance you can run but you can't hide
CalvinAyre Insane that they’re going after Binance but not FTX. Some priorities there.
RICO laws apply to all executives of Binance and of all executives of any subs of Binance and of all Consultants to any subs of Binance and to all suppliers of Binance...etc etc etc.
Wrong
Biden's deeply corrupt but obedient flunkie, AG Merrick Garland, has zero interest in opening an investigation into the 150 SARs (Suspicious Account Reports) filed by various banks about the Biden Crime Family, from activities in China, Ukraine, Kazakhstan, etc.
Where’s your fair and unbias reporting for traditional banks and calls for the arrests of their executives and CEOs? Big names like JP Morgan Chase, Deutsche Bank, U.S. Bancorp, RBS just to name a few have been caught repeatedly. The more crypto is FUDded, the more it shows worth
💩 FUD against CZ while Sam should not be allowed to remain at liberty ... is there maybe any causal relation 😆 Srsly, who bought this news
That's because they had some in their pockets. Hard to prosecute someone that will implicate yourself.
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