US hedge funds have reportedly been subpoenaed over dealings with Binance as probe of the world's largest crypto exchange unfolds
that the crypto trading platform processed over $10 billion worth of illegal payments in 2022 and is being investigated by the US Department of Justice over unlicensed money transmission and criminal sanctions violations.
Binance is speaking with"virtually every regulator across the globe on a daily basis," the company's chief strategy officer Patrick Hillmann told the Post. He declined to comment on specifics of any US investigation.that it would be"inappropriate for us to comment" on matters related to the DOJ. "Regulators rightfully will scrutinize this industry much, much harder, which is probably a good thing," Changpeng Zhao, founder and CEO of Binance, said at a conference in November.FTX, the rival exchange started by Sam Bankman-Fried, filed for bankruptcy in November amid what Federal prosecutors are
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