Cryptocurrency exchange Binance is under investigation by the Justice Department and the IRS, report says

Cryptocurrency exchange Binance is under investigation by the Justice Department and the IRS, report says
insider@insider.com (Carla Mozée)
© Binance
Chaopeng Zhang is the founder and CEO of crypto exchange Binance. Binance
Binance, the world's largest cryptocurrency exchange, is under investigation by the US Justice Department and the IRS, Bloomberg reported Thursday.
The agencies haven't accused Binance of any wrongdoing, the report said.
Officials who investigate money laundering and tax offenses have sought information from individuals with insight into Binance's business.
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The federal agencies haven't accused Binance of wrongdoing, the report said.
"We take our legal obligations very seriously and engage with regulators and law enforcement in a collaborative fashion," Jessica Jung, a Binance spokeswoman, told Bloomberg in an emailed statement, adding that Binance doesn't comment on specific matters or inquiries. "We have worked hard to build a robust compliance program that incorporates anti-money laundering principles and tools used by financial institutions to detect and address suspicious activity."

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