There have been two important developments regarding the world’s largest crypto exchange Binance. The US Securities and Exchange Commission (SEC) has launched a new investigation into Binance. On the other hand, a claim that will create an earthquake effect came to the agenda in Reuters. Let’s take a look at these events together.
The world’s largest cryptocurrency exchange is also on the agenda with an important news in Reuters. Allegedly, between 2017 and 2021, Binance allowed a total of $2.35 billion in transactions, such as money laundering, including hacking, investment scams, and drug proceeds. Moreover, some of this money belonged to the North Korean hacker group Lazarus.
$2.35 billion money laundering claim
The money laundering claim isn’t the only problem with Binance. The US Securities and Exchange Commission (SEC) has launched a new investigation into Binance. As part of this investigation, Binance’s own cryptocurrency, Binance Coin (BNB), has come under scrutiny. SEC officials believe that BNB’s first day-to-market (ICO) securities rules may have been violated.
As a matter of fact, this isn’t the first time the SEC has opened an investigation into Binance. The company has been under investigation on different issues before, but so far, no breach that could affect the industry has been detected. The investigation into BNB seems to be one of them. Because the authorities had previously launched an investigation for the first day of the launch of many cryptocurrencies.
Although Binance did not make any statement regarding the SEC investigation, it responded to the news in Reuters with jet speed. In the statements made by a Binance spokesperson, it was stated that the information in the news contains outdated and unverified information, and that the allegations in question do not reflect the truth in any way.
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