Binance Was Top Thoroughfare for Bitzlato Crypto Exchange

News Snapshot:

Binance, the world’s largest crypto exchange has been linked to a federally charged crypto company and its founder to the tune of nearly $346 million in bitcoin. It comes after months of speculation that federal prosecutors are honing in on Binance over allegedly facilitating illicit money laundering. On Tuesday, Reuters reported that $346 million ran through Binance by the federally cited Bitzlato crypto exchange, according to blockchain data from Chainalysis. Bitzlato had been cited for acting as a kind of “no-questions-asked cryptocurrency exchange” that allegedly allowed $700 million in criminal proceeds to funnel through it. During that time, Binance was...