Binance CEO Has Been Implicated in A Special Investigative Report
CoinEdition
Published Oct 17, 2022 04:09PM ET
Updated Oct 17, 2022 04:30PM ET
Binance CEO Has Been Implicated in A Special Investigative Report
- Reuters accused Binance CEO of using shady means to avoid UK and US regulators.
- The report reviews corporate emails, texts, and papers in the last five years.
- Reuters alleged that fraudsters, drug dealers, and hackers laundered over $2.35 billion due to flaws in the Binance compliance program.
Changpeng Zhao (CZ), the CEO of the largest crypto exchange, Binance, has come under hefty regulatory allegations by the UK-based news agency Reuters.
In what the news house called a “special report,” it alleged that the Binance CEO and its aides plotted via underhand means to evade regulatory oversight from the UK and the US authorities. The exposé involves a review of hundreds of corporate emails, texts, and documents dated between 2017 and early 2022, as well as interviews with about 30 former workers, advisors, and business partners.
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