Report Claims U.S. Prosecutors Investigate Hedge Funds in Connection with Binance Dealings 

Federal prosecutors are reportedly investigating U.S.-based hedge funds that person dealt with the cryptocurrency speech Binance, according to 2 radical acquainted with the matter. The hedge funds were allegedly issued subpoenas by the U.S. attorney’s bureau for the Western District of Washington.

Sources Say U.S. Department of Justice Probes American Hedge Funds successful Cryptocurrency Investigation

Following a Reuters report successful mid-December 2022 that said Binance is being probed by the U.S. Department of Justice, a report from The Washington Post claims American hedge funds are being investigated arsenic portion of the probe. The Washington Post contributor Douglas MacMillan details that subpoenas were issued to the hedge funds and they came from the U.S. attorney’s bureau for the Western District of Washington.

MacMillan cites 2 sources who “reviewed 1 of the subpoenas and spoke connected the information of anonymity to sermon the confidential matter.” The newsman further adds that the subpoenas don’t mean investigators volition marque immoderate charges. “Prosecutors are inactive discussing a imaginable colony with Binance and weighing whether they person capable grounds to bring indictments against the company,” MacMillan wrote.

The world’s largest speech by planetary commercialized volume, Binance, has been dealing with a large woody of scrutiny implicit the past 2 months since FTX collapsed. MacMillan talked to Binance Chief Strategy Officer Patrick Hillmann, who said that the speech was talking with “virtually each regulator crossed the globe connected a regular basis.” Hillmann, however, and a DOJ spokesperson declined to remark connected the alleged investigation.

The subpoenas study comes astatine a clip erstwhile media outlets are reporting connected a fig of ostensible probes into crypto plus firms and companies associated with these businesses. At the extremity of December 2022, The Wall Street Journal (WSJ) reported that the U.S. Securities and Exchange Commission (SEC) is investigating companies that audit crypto speech reserves. A ample fistful of the alleged investigations person not been officially verified by U.S. instrumentality enforcement officials, but it’s harmless to accidental the reports person the crypto assemblage connected borderline these days.

Do you person immoderate thoughts connected the alleged subpoenas issued to U.S. hedge funds successful transportation to their dealings with Binance? Share your thoughts successful the comments below.

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