binance

Bloomberg reported on Monday that the SEC has launched a probe into the BNB token. The Securities and Exchange Commission (SEC) is reportedly investigating whether Binance’s BNB token was a security at the time of its sale in 2017. [Via] More

In as little as nine minutes, using only encrypted email addresses as identification, the Lazarus hackers created Binance accounts and traded crypto stolen from Eterbase, the Slovakian exchange, according to account records that Binance shared with the police and that are reported here for the first time. As early as March 2018, Hydra users recommended […] More

For five years, the world’s largest cryptocurrency exchange Binance served as a conduit for the laundering of at least $2.35 billion in illicit funds, a Reuters investigation has found. “Binance had no idea who was moving money through their exchange” because of the anonymous nature of the accounts, said Eterbase co-founder Robert Auxt. As Reuters reported in […] More

Crypto is an awful vehicle for laundering money for a few reasons. One, KYC is stringent in the industry and it’s simply much easier to open a bank account with fake identification documents at a small local or regional bank. Two, you simply cannot move large sums of money into crypto without people noticing, and […] More