.binance has been named as a counterparty in an order against Bitzlato as one of the top three receiving counterparties. By amitoj.
against the little-known cryptocurrency exchange, Bitzlato, accused of laundering $700 million by U.S. authorities on Wednesday.
"Approximately two-thirds of Bitzlato’s top receiving and sending counterparties are associated with darknet markets or scams. For example, Bitzlato’s top three receiving counterparties, by total amount of BTC received between May 2018 and September 2022 were: Binance, a VASP; the Russia-connected darknet market Hydra; and the alleged Russia-based Ponzi scheme “TheFiniko,” the order said.
"Binance is pleased to have provided substantial assistance to international law enforcement partners in support of this investigation. This exemplifies Binance’s commitment to working collaboratively with law enforcement partners worldwide," a Binance spokesperson said.FinCEN formally labeled the company a “,” that usually cuts off a business from the global financial system.
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