The inquiry is looking into whether the trading platform was used by Russians to circumvent financial restrictions imposed over Moscow’s invasion of Ukraine.The U.S. Department of Justice is trying to establish if, the operator of the world’s largest crypto exchange, has been used to allow Russians to evade Western sanctions, Bloomberg revealed, quoting multiple sources familiar with the matter.
“The probe, which hasn’t previously been reported, is moving on a parallel track with an existing inquiry by the criminal division, one of the people said,” the report detailed, noting that the move adds another layer of scrutiny of the troubled industry’s leading exchange.that Binance has quietly lifted some restrictions on Russian users.
In 2021, Binance launched an initiative to completely overhaul its corporate governance structure, including bringing in a world-class bench of seasoned executives to fundamentally change how Binance operates globally.
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