The investigation is being conducted by the National Security Division of the U.S. Department of Justice. Five sources, who wished to remain anonymous, told the publication.
At the same time, the investigation of the sanctions violation runs parallel to the investigation of the criminal division.
It has previously been reported
Binance’s involvement in the circumvention of sanctions by Iranian residents. The site has been in discussions and negotiations with U.S.
Justice Department officials to resolve these claims. It seems that the U.S. authorities have another lever of pressure on the largest cryptocurrency exchange in the world.
“In 2021, Binance launched a complete overhaul of its corporate governance structure, including the goal of attracting experienced world-class executives.
Our policy is zero tolerance for dual registrations, anonymous users and hidden sources of money,” the site said in a statement.”
Note that if U.S. authorities take any action against Binance, it could affect the entire cryptocurrency industry.
At the moment more than half of cryptocurrency transactions on the spot market and over 60% on the futures market are made on the exchange.
Last year, it was reported that the U.S. Department of Justice has been investigating Changpeng Zhao, the exchange’s founder, for more than a year.