US DOJ Seeks Consensus to Charge Binance on Alleged Money Laundering: Report
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Dec. 12, 2022

The US Department of Justice (DOJ) can't decide on when it should charge cryptocurrency exchange Binance of violating money laundering rules as some federal prosecutors believe there isn't enough evidence against the exchange.

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According to Reuters' sources close to the regulator, at least "half dozen" federal prosecutors believe that the DOJ has enough evidence to fill charges not only against Binance, but also its executives, including founder Changpeng Zhao (CZ).

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People familiar with the matter told Reuters that charges under investigation also include unlicensed money transmission and criminal sanctions violations. The charges are reportedly related to the investigation, which US regulators began in 2018. Amid the report, Binance's CZ took to Twitter to advise users to "ignore FUD," although he didn't specifically refer to Reuters' article.

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