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Crypto giant Binance is reportedly facing US probe for violating Russian sanctions | Engadget

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Crypto giant Binance is reportedly facing US probe for violating Russian sanctions

financial institutions. The news organizations' sources also said that Binance is discussing the possibility of settling with the DOJ regarding previous allegations that the exchange was also used to move money to circumvent US sanctions against Iran.

If you'll recall, United States and the European Union imposed sanctions against Russian financial institutions following the invasion of Ukraine. Mykhailo Federov, Ukraine's Vice Prime Minister, asked major crypto exchanges to freeze all Russian and Belarusian accounts at the same time, but Binance was one of the companies that.

If the DOJ truly is looking into Binance's activities related to Russian sanctions, then it's merely one of the investigations the exchange is grappling with. The DOJ and the Internal Revenue Service started

 

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