Binance has been designated by the U.S. FinCEN as one of the main counterparties in the Bitzlato illegal funds case

2023-01-19 18:07:17

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ChainCatcher news, according to Bloomberg, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) wrote in a document that about two-thirds of the largest counterparties for receiving and sending transactions for Bitzlato are related to darknet markets or scams: from May 2018 to September 2022, Binance was the largest counterparty for receiving Bitcoin, followed by the Russian-linked darknet market Hydra and the Russia-based scam TheFiniko in second and third places, respectively. The top three sending counterparties during the same period were Hydra, the Finnish Bitcoin exchange Local Bitcoins, and TheFiniko.

In response, a Binance spokesperson wrote in a statement that Binance "has provided significant assistance to international law enforcement partners supporting this investigation, reflecting Binance's commitment to working with global law enforcement partners." (Bloomberg)

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