Does Binance face US probe over Russian sanctions?

Binance Faces US Probe over Possible Russian Sanctions Violations Haseeb Shaheen Binance Holdings, the world’s largest cryptocurrency exchange, is under investigation by the US Department of Justice (DOJ) over potential violations of Russian sanctions.

Did Binance allow Russian customers to access the exchange?

The United States Department of Justice's national security division is conducting an inquiry into whether Binance allowed Russian customers to access the exchange in violation of U.S. sanctions related to Russia's invasion of Ukraine, according to a Bloomberg report that cites five people familiar with the matter.

Is the DOJ really looking into Binance?

If the DOJ truly is looking into Binance's activities related to Russian sanctions, then it's merely one of the investigations the exchange is grappling with. The DOJ and the Internal Revenue Service started looking into reports that Binance is being used for money laundering schemes in 2021.

What's going on with Binance?

The Justice Department inquiry is another high-profile action against Binance after a 2021 joint investigation with the Internal Revenue Service against the global exchange.