“We take our legal obligations very seriously and we work with regulators and law enforcement agencies,” Binance spokeswoman Jessica Jung said in an e-mail.
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Binance’s investigation comes after the German financial supervisory authority BaFin warned the stock exchange last month that it was facing a fine for offering to trade without publishing a prospectus with investor information, in violation of European Union law. Reports that Binance’s business was about to be scrutinized by the US authorities appeared earlier in the Bloomberg news agency, but the boss and co-founder of Changpeng Zhao called them unfounded and an attempt by the competition to denigrate his company.
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U.S. officials fear cryptocurrencies are being used to conceal illegal transactions, including theft and drug trafficking. Another warning sign, according to Bloomberg, is Friday’s cyber attack on the networks of pipelines for the transportation of oil products by the American company Colonial Pipeline. According to agency sources, it paid hackers from Eastern Europe almost five million dollars (105 million CZK) as a ransom, in the form of an untraceable cryptocurrency.
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