According to the Wall Street Journal, Binance is helping Russians transfer funds overseas, which could exacerbate its massive legal problems in the United States. External data shows that Binance is still processing a large amount of ruble trading volume.

The company's website, user screenshots, and official chat groups show that through layers of intermediaries, customers can transfer funds from sanctioned Russian banks to Binance accounts, and Binance also supports ruble-to-digital token peer-to-peer transactions, which often involve banks blacklisted by the West.

A recent review of Binance's peer-to-peer service website showed that the site offers at least five sanctioned Russian banks (including Rossbank and Tinkoff Bank) as payment processing options for Russian customers.