Crypto Exchange Binance Under Investigation by Department of Justice and IRS

According to a report from Reuters, the CEO and founder of the world’s largest crypto exchange Binance, Changpeng “CZ” Zhao, was under investigation by U.S. federal prosecutors. Launched in 2020 by the Justice Department, authorities in the country were seeking information about the company’s anti-money laundering activity. Related Reading: Crypto Powers Up Gaming Industry Whose […]

The price of Bitcoin and Ether both fell between 3% and 5% as the report spread across social media. Major cryptocurrency exchange Binance is reportedly under investigation by both the United States Department of Justice and Internal Revenue Service in an apparent effort to stymie illegal trading activity from users in the United States.According to a Bloomberg report, the two government agencies are looking into Binance Holdings Ltd as part of an investigation into U.S. residents using cryptocurrencies for illegal transactions. Officials are reportedly seeking information from Binance....

Binance, one of the largest cryptocurrency exchanges, faces mounting challenges as it navigates a complex legal landscape with the US Department of Justice (DOJ).  According to a report by The Wall Street Journal, Binance’s empire is “under threat,” leading to significant consequences for the crypto industry as a whole. Related Reading: Taiwan Rolls Out 10-Point […]

Binance’s troubles with regulators grow as U.S. authorities are now reportedly investigating the exchange for possible insider trading and market manipulation. The investigation involves the Commodity Futures Trading Commission (CFTC). The Justice Department (DOJ) and the Internal Revenue Service (IRS) have also been investigating Binance on a separate issue. Binance Probed for Possible Insider Trading, Market Manipulation U.S. authorities are now investigating Binance for possible insider trading and Market manipulation to ascertain whether the company or its staff profited by....

Binance, one of the largest cryptocurrency exchanges in the world, is now being probed by the Department of Justice (DOJ) under the assumption that it could be immersed in money laundering transactions. The investigation will also include inquiries from the Internal Revenue Service (IRS), which has been recently investigating a number of crypto trading platforms. Binance Probed by US Department of Justice Today, it was revealed that Binance, one of the most popular cryptocurrency exchanges in the world, is being the subject of an investigation related to transactions involving alleged....