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U.S. Subpoenas Hedge Funds in Binance Probe: Report

Federal prosecutors have reportedly issued subpoenas to several U.S. hedge funds that have dealt with the world’s largest cryptocurrency exchange, Binance Global Inc., as part of a years-long probe into possible money-laundering rules violations, the Washington Post reported. According to the Washington Post’s two unnamed sources familiar with the matter, The U.S. attorney’s office for the Western District of Washington in Seattle is reportedly seeking records of the subpoenaed firms’ communications with Binance. (forkast)

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