Binance Alleged to Have Had Ties to Bitzlato, a Now Defunct (Criminal) Exchange
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Just yesterday, Live put out an article talking about a Russian crypto executive running an unlicensed money transmitting business. Known as Bitzlato, the crypto exchange was an unregistered trading platform for those who sought to use digital assets to obtain illicit products. The exchange also did very little to obtain necessary information about its clients and customers. Now, it looks like Binance – the world’s largest and most popular digital currency trading platform – has been implicated in playing a major role in the operations of the firm. Binance May Have Been on Bitzlato’s Roster Binance has been at the
The Binance cryptocurrency exchange, the Hydra darknet marketplace, and the Finiko financial pyramid are among the top three receiving counterparties of the Bitzlato exchange platform, which the US authorities accuse of laundering $ 700 million. This is stated in order FinCEN. According to the agency, these three companies from May…