Both men played roles in taking down prominent darknet markets AlphaBay, Silk Road and Hydra. Internal Revenue Service’s cybercrime unit. Reuters claimed also that Hydra, a Russian-language darknet market, has links deeply entrenched within Binance’s user base, stating that the exchange facilitated $780 million in payments related to Hydra since 2017.īinance’s investigations team is now led by Tigran Gambaryan and Matthew Price, former investigators at the U.S. The news service claimed that Binance has become a hub for criminal activity and that it overlooked several money-laundering red flags. Reuters recently published a series of investigative reports on Binance and its association with illicit activity. Three leading members of Binance’s investigations team opened up about what it takes to deal with fraud, money laundering, terrorist financing and bad press for the world’s largest crypto exchange. Also corrects name of the executives' department (investigations, which reports to compliance but is separate). 1, 17:11 UTC): Clarifies headline and fixes transcript to reflect that it was not the addition of know-your-customer (KYC) identity checks, but rather the anti-money-laundering (AML) measure of removing sanctioned accounts in part because they hadn't gone through KYC, that cost Binance billions in revenue.
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