The Washington Post reports that US officials are demanding data from investment companies about the cryptocurrency exchange Binance. According to the article, in recent times the US attorney’s office for the Western District of Washington sent subpoenas to U.S.-based hedge firms inquiring about their ties with the cryptocurrency exchange.
The announcement comes in the wake of FTX’s collapse and subsequent bankruptcy filing. To be precise, the continuing scrutiny of Binance by US authorities does not imply that the company committed any illegality. Five years before, the U.S. Department of Justice initiated an inquiry into the adherence of the exchange with U.S. anti-money laundering legislation.
Patrick Hillmann, the chief strategy officer of Binance, told the Washington Post that the company interacts with “nearly every authority in the world on a regular basis,” refusing to comment on any current probe.
