2 years ago
A Binance.US spokesperson reportedly said lone the exchange’s employees had entree to its accounts, seemingly including immoderate astatine Silvergate Bank.
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An investigative study has suggested that large cryptocurrency speech Binance was down transferring astir $400 cardinal successful funds from a Binance.US relationship to a trading steadfast managed by Changpeng Zhao.
According to a Feb. 16 Reuters report, an probe of Binance’s banking records and institution messages showed much than $400 cardinal was sent successful a bid of transactions starting successful 2020 from an relationship controlled by Binance.US to trading steadfast Merit Peak. The United States Securities and Exchange Commission reportedly launched a probe into imaginable connections betwixt Binance.US and the aforesaid trading steadfast successful February 2022.
Reuters reported that a Binance.US spokesperson said Merit Peak was “neither trading nor providing immoderate benignant of services connected the Binance.US platform" and lone the exchange’s employees had entree to its slope accounts. Funds were stored by Binance.US doing concern arsenic BAM Trading Services astatine Silvergate Bank.
The study dropped amid Binance publishing a blog station connected ‘Building Trust successful the Crypto Ecosystem’, successful which the speech said lawsuit assets “should lone beryllium utilized successful the ways that the customers person explicitly authorized.” Binance pushed backmost against a akin Reuters report from June 2022 alleging the speech facilitated billions of dollars worthy of wealth laundering, claiming the quality outlet was spreading disinformation.
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