According to the Washington Post, U.S. prosecutors are sending local investment companies inquiries about relationships with the world's largest cryptocurrency exchange. The publication emphasizes that such requests are fairly standard and do not speak of an investigation into Binance or any wrongdoing on the part of the trading platform.. After the collapse of the FTX exchange, the American authorities are ready to take a closer look at the activities of any cryptocurrency platform. The Washington Post, citing two sources, said the Western District Attorney's office has been sending requests for several months now.. The requests may be part of a DOJ investigation into Binance for money laundering back in 2018. The agency itself has yet to decide whether to file charges. Binance Chief Strategy Officer Patrick Hillmann assures that the exchange works with “virtually every regulator in the world on a daily basis”. True, he admits that a few years ago the attitude was different. “Over the past two years, the company has completely changed its position. Now we have the necessary resources and we can be called one of the most proactive companies in identifying, freezing and returning criminally obtained funds,” the top manager assured. It was previously reported that Binance was one of the first crypto companies to join the Association of Certified Sanctions Professionals (ACSS).
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U.S. Authorities Explore Hedge Fund Links to Crypto Exchange Binance
