Binance Was Top Thoroughfare for Crypto Exchange Charged in Money Laundering Scheme

Binance Was Top Thoroughfare for Crypto Exchange Charged in Money Laundering Scheme Binance, the world's largest crypto exchange has been linked to a federally charged crypto company and its founder to the tune of nearly $US346 ($480) 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 $US346 ($480) 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…