The largest crypto exchange is suspected of laundering $ 10 billion

The US Department of Justice is split over the question of whether to open a criminal investigation into the world’s largest cryptocurrency exchange Binance. According to the regulator, in 2022 alone, the platform carried out money laundering operations for individuals and companies worth $10 billion.

The investigation into the crypto exchange began in 2018. Some prosecutors are ready to press charges of conspiracy to launder money and circumvent sanctions. However, other representatives of the Ministry of Justice believe that the evidence is insufficient.

In addition, the Binance lawyers are trying to convince the department that the investigation, which will also affect the CEO of the crypto exchange, Changpeng Zhao, will deal a blow to the entire crypto industry, which is already in decline after the bankruptcy of FTX.

Earlier it became known that in 2020 Binance was asked to provide internal reports and correspondence for verification on the issue of money laundering.