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Cryptocurrency exchange Binance is under investigation by the Justice Department and the IRS, report says
insider@insider.com (Carla Mozée)
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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 ....

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