The crypto giant Binance is now being accused of fostering illegal operations by a bipartisan group of prominent U.S. senators, and are currently demanding answers to their list of accusations — in what seems to be an endless trauma for the exchange.
In a letter dated March 1 addressed to Binance CEO Changpeng “CZ” Zhao, the group reportedly asked for information on the company’s balance sheets, internal policies, and any conversations pertaining to Zhao’s suspected attempts to restrict compliance. The letter further entails that Binance and its affiliated companies have knowingly sidestepped regulators, transferred funds to criminals and sanctions violators, and concealed basic financial information from its users and the general public.
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