Binance, the largest cryptocurrency exchange in terms of volume, has responded to an article published by Reuters claiming that the U.S. Department Of Justice found credible evidence of violating U.S. sanctions, centered around anti-money laundering laws.

Binance Refutes Claims

Responding to Reuters’ accusations, the Binance team has stated that cryptocurrencies are not a haven for money laundering and they have a world-class team safeguarding such activities from happening on the platform.

Reuters has it wrong again.

Now they’re attacking our incredible law enforcement team. A team that we’re incredibly proud of – they’ve made crypto more secure for all of us.

Here’s the full statement we sent the reporter and a blog about our remarkable law enforcement team.

— Binance (@binance) December 12, 2022

According to the official response, Binance’s internal team works closely with law enforcement to “case-work on high-impact ransomware and hack cases.”

Binance had previously also refuted claims published by the same media company back in  June of 2022, where it alleged that “Binance is a safe-house for hackers, scammers, and drug traffickers.”

This is a developing story and is being frequently updated.

The post Breaking: Binance Responds To Allegations, Denies Reports On Money Laundering appeared first on CoinGape.

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Filed under: News - @ December 12, 2022 1:19 pm