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Binance Denies Reports On Money Laundering Allegations

Binance, the world’s largest crypto exchange by trading volume; is now facing a possible money laundering investigation. The case has been ongoing since 2018 and has gained popularity in light of recent happenings. Reuters has alleged that Binance was employing different tactics to keep information away from public knowledge.

Binance, in a series of tweets, denied any wrongdoing citing it as an attack on their law enforcement team. According to the statement posted on Twitter, Binance made it clear that they have top-notch cyber investigators on their books. Also, the company said that it always cooperates during investigations.

Binance also went further to share its activities in c ombating ransomware and hacking cases with training organized in different locations. CEO of Binance Changpeng Zhao had tweeted earlier this year on this issue. According to Zhao, the article by Reuters on money laundering is a waste of time.

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