Backlink: THE BL
One of China’s richest men is being investigated by the U.S. Department of Justice for money laundering. An exception to the almost absolute anonymity behind cryptocurrency transactions are centralized exchanges, such as Binance.
Because of this, in 2020, the U.S. Department of Justice asked Zhao and 12 other company executives and partners for information about illegal transactions and solicitation of U.S. customers. It was also tracing any company records and issued orders that “documents must be destroyed, altered, or removed from Binance’s files” or “transferred to the United States”