{"id":459044,"date":"2022-06-07T19:30:00","date_gmt":"2022-06-07T16:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/binance-fires-back-at-reuters-money-laundering-allegations\/"},"modified":"2022-06-07T19:30:00","modified_gmt":"2022-06-07T16:30:00","slug":"binance-fires-back-at-reuters-money-laundering-allegations","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/binance-fires-back-at-reuters-money-laundering-allegations\/","title":{"rendered":"# Binance fires back at Reuters\u2019 money laundering allegations"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a38796048133\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a38796048133\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/binance-fires-back-at-reuters-money-laundering-allegations\/#%E2%80%9D_Binance_fires_back_at_Reuters_money_laundering_allegations_%E2%80%9C\" >&#8221; Binance fires back at Reuters\u2019 money laundering allegations  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Binance_fires_back_at_Reuters_money_laundering_allegations_%E2%80%9C\"><\/span>&#8221; Binance fires back at Reuters\u2019 money laundering allegations  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvZWRmY2NiNzEtM2I3OS00NjI1LTgwMDktOTFiYjA2ZmYxOGQ2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Crypto exchange Binance published a lengthy response to an <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/investigates\/special-report\/fintech-crypto-binance-dirtymoney\/\">article<\/a> published by Reuters that claims that the exchange has been a \u201chub for hackers, fraudsters and drug traffickers,\u201d saying that there\u2019s at least \u201c$2.35 billion in illicit funds\u201d laundered within the exchange.\u00a0<\/p>\n<p>In a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.binance.com\/en\/blog\/ecosystem\/the-crypto-money-laundering-myth-and-the-machine-working-overtime-to-sell-a-false-narrative-421499824684903964#lazarus\">blog post<\/a>, Binance addressed the issue and noted that the article\u2019s allegations are not only untrue but are also attempts from certain interested parties to \u201cmislead the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> public\u201d by spreading disinformation. Binance wrote: <\/p>\n<blockquote><p>\u201cWe highly suggest you ignore those authors and pundits who cherry-pick data, rely on conveniently unverifiable \u2018leaks\u2019 from regulators, and feed into the cult of crypto paranoia for fame or financial gain. Instead, just look at the facts.\u201d <\/p><\/blockquote>\n<p>The exchange also pointed out that traditional finance platforms are more tainted with illicit funds compared to crypto, which is transparent in nature. Moreover, the exchange cited statistics from the United Nations that 2-5% of fiat money is associated with illicit activities. <\/p>\n<p>Lastly, within the blog post, Binance completely published its email correspondence with Reuters. This includes Binance complete responses to Reuter\u2019s inquiries before publishing the article criticizing Binance. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Binance Labs\u2019 $500M fund to catalyze crypto, Web3, blockchain adoption<\/em><\/strong><\/p>\n<p>On June 6, Reuters published a special report claiming that the Binance exchange is involved in money laundering involving billions of illicit funds. From investment fraud and darknet dealings to weak Know Your Customer (KYC) and Anti-Money Laundering protections, the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> outlet laid down its critique of the exchange. <\/p>\n<p>Back in February, the exchange also faced investigation from the United States Securities and Exchange Commission (SEC) over the exchange&#8217;s relationship with market-making firms Sigma Chain AG and Merit Peak which engages with buying and selling digital assets on the Binance.US exchange. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/binance-fires-back-at-reuters-money-laundering-allegations\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Binance fires back at Reuters\u2019 money laundering allegations &#8220; Crypto exchange Binance published a lengthy response to an article published by Reuters that claims that the exchange has been a \u201chub for hackers, fraudsters and drug traffickers,\u201d saying that there\u2019s at least \u201c$2.35 billion in illicit funds\u201d laundered within the exchange.\u00a0 In a blog&#8230;<\/p>\n","protected":false},"author":1,"featured_media":459045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvZWRmY2NiNzEtM2I3OS00NjI1LTgwMDktOTFiYjA2ZmYxOGQ2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,74894,74860,117,70934],"class_list":["post-459044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-blockchain","tag-cryptocurrency-exchange","tag-business","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/459044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=459044"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/459044\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/459045"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=459044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=459044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=459044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}