Binance denies that the U.S. Department of Justice is looking to prosecute the exchange, says Reuters is wrong

Binance said today, that Reuters falsely stated that the U.S. Department of Justice is looking to prosecute Binance over money laundering changes.

Binance denies that the U.S. Department of Justice is looking to prosecute the exchange, says Reuters is wrong

In the statement, Binance claimed that Reuters was “attacking our incredible law enforcement team” as the company shared the press release sent to Reuters.

The Reuters investigation claimed that the U.S. Department of Justice (DOJ) is at the cross-road of charging Binance for allegedly facilitating money laundering activities. According to Reuters, the investigation against Binance concerns unlicensed money transmission, money laundering conspiracy, and a violation of the U.S. Bank Secrecy Act. The leading exchange allegedly processed over $10 billion in payments for entities seeking to evade U.S. sanctions.

Reuters alleged that Binance CEO Chanpeng Zhao enforced strict secrecy rules on employees to cover up for his exchange’s violation. For example, Binance employees were informed to communicate using encrypted messaging services and to use email as little as possible.

I don't want to defend Binance, or saying they are saying the truth but we have seen from the example of ''The Block'' that the media cannot always be trusted, especially when it comes to crypto space.