Three leading members of Binance’s compliance team opened up about what it takes to deal with fraud, money laundering, terrorist financing and bad press for the world’s largest crypto exchange.
Reuters recently published a series of investigative reports on Binance and its association with illicit activity. The news service claimed that Binance has become a hub for criminal activity and that it overlooked several money-laundering red flags. Reuters claimed also that Hydra, a Russian-language darknet market, has links deeply entrenched within Binance’s user base, stating that the exchange facilitated $780 million in payments related to Hydra since 2017.
Binance’s compliance team is now led by Tigran Gambaryan and Matthew Price, former investigators at the U.S. Internal Revenue Service’s cybercrime unit. Both men played roles in taking down prominent darknet markets AlphaBay, Silk Road and Hydra.
The exchange, which operates in numerous jurisdictions despite not having a formally...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...