Binance fires back at Reuters’ money laundering allegations

2022.06.07 21:11

Binance fires back at Reuters’ money laundering allegations

Crypto exchange Binance published a lengthy response to an article published by Reuters that claims that the exchange has been a “hub for hackers, fraudsters and drug traffickers,” saying that there’s at least “$2.35 billion in illicit funds” laundered within the exchange.

In a blog post, Binance addressed the issue and noted that the article’s allegations are not only untrue but are also attempts by certain interested parties to “mislead the general public” by spreading disinformation. Binance wrote:

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