How crypto giant Binance became a hub for hackers, fraudsters and drug traffickers

[troubled soul]

How Binance became a hub for hackers, fraudsters and drug sellers

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.

www.reuters.com

How crypto giant Binance became a hub for hackers, fraudsters and drug traffickers​

​

 

[wellington]

Binance released a rebuff.

https://twitter.com/x/status/1533939875430297601

BUILD debunks FUD. This is 50+ pages of email records between our cyber security team (ex-law enforcement background) and the cherry picking, misleading, and time wasting journalists. If you have time to waste, see the details and truth for yourself.

The Crypto Money Laundering Myth and the Machine Working Overtime to Sell a False Narrative | Binance Blog

Crypto is better than the traditional banking system at casting sunlight on illicit activity

www.binance.com

FYI the media reports every ICO as a fraud, instead of a "Failed enterprise" etc.

 

[MiddleEuroAsia]

money laundring in the past? absolutely. but Now? a little hard but not impossible.
they went full KYC mode and restricted a lot of their products for certain nationalities, so it's not as easy now, to just open an account with verified Email and trade however you like.

So reuters are not necessarily wrong here (minus the over dramatization of their "investigation"), because binance was VERY permissive/lenient before the global crackdown on them.
a good read for sure, but take everything you read with a grain of salt, it's reuters we are talking about.

 

[diatessaron]

It's a hub for market manipulation, that's what it is.

 

[backpacker]

And another nail in the coffin -> Exclusive: U.S. sought records on Binance CEO for crypto money laundering probe

 

[369]

Binance are the biggest scammers of all.
Their terms make it difficult to sue them since you need to prepay $90k for arbitage.

How many scams i saw binance knowlingly supporting goes into the hundreds

 

[GNews]

Soooooooooooooooo
Before cryptos........... How much money did bank launder? Just wondering
or did Laundering just start in 2008???