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

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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...