The agency claims that the crypto exchange was actively processing illegal transactions, including those related to the dark web site Hydra and the North Korean group Lazarus.
From 2017 to 2021, Binance processed at least $2.35 billion in transactions related to illegal activity, claims Reuters . The agency used court records, law enforcement statements, and blockchain information. The crypto exchange responded that they did not consider the calculations accurate and refused to provide their own data.
In particular, according to Reuters , in five years, buyers and sellers of the Hydra darknet site have used Binance to make and receive payments for $780 million. This information was reported by Crystal Blockchain, and representatives of another analytical company agreed with it.
The agency also claims that the North Korean hacker group Lazarus used Binance to launder cryptocurrency. And the German police said that criminals in Europe laundered funds through a crypto exchange, the victims lost a total of €750 million ($800 million).
In April , Reuters reported that the regional head of Binance, Gleb Kostarev, agreed to transfer client data to Rosfinmonitoring. Subsequently, Kostarev stated that he did not transmit the data.