您现在的位置是:Binance Accused of Helping Hackers Launder Stolen Funds >>正文
Binance Accused of Helping Hackers Launder Stolen Funds
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛77人已围观
简介Binance, one of the world’s largest crypto exchange, is on the hotseat for lax regulatory poli...
Binance, one of the world’s largest crypto exchange, is on the hotseat for lax regulatory policies
Fisco, the cryptocurrency exchange that took over Zaif, has alleged that Binance has played a role as the platform of choice for hackers that laundered stolen funds back in 2018.
The hackers took off with digital assets worth $63 million in Bitcoin, Bitcoin Cash, and Monacoin in September 2018. Zaif’s court filings now accuse Binance of continuing to implement “lax” policies against hackers and laundered money, which allowed the hackers to move $9.4 million of the stolen funds.
Ziaf is a cryptocurrency exchange based in Osaka, Japan. It was established in 2014.
Following the hack in 2018, its employees collaborated with public analytics firms to trace a significant portion of the hack back to an address owned by Binance.
Fisco claims that Zaif had given notice to Binance regarding the hacker bitcoin inflows and had given the company plenty of time and opportunity to freeze the accounts. However, Binance’s inability to cooperate with the crypto exchange gave the hackers the leeway to process 1,451.7 BTC, which was worth $9.4 million at the time, throughout a variety of smaller accounts and trades across Binance.
Fisco seeks damages from Binance over the $9.4 million that made its way through the exchange, along with interest and fair compensation. More details regarding the latter will be discussed in the trial.
The case filing claims that Binance has turned into a haven for crypto criminals because of its easy going know your customer (KYC) and anti-money laundering (AML) policies. It pointed to the platform’s Bitcoin withdrawal limit, which allows users that have not completed their KYC obligations to withdraw more than $20,000 at current prices.
For comparison, users that have not yet been verified on Kraken, an American crypto exchange, can only withdraw $5,000.
In addition to this, the case filing also claims that the exchange was a platform for the laundering of around $750 in cryptocurrency, mostly obtained from illicit activities.
A report that was recently released by the Financial Action Task Force (FATF) appeared to have singled out Binance as a red flag crypto exchange. While the report did not explicitly name exchanges, it did state that users must exercise caution when transacting with exchanges with low AML regulations.
It also narrated the journey of a particular exchange across several jurisdictions in its aversion to enhanced regulatory oversight. Many speculate that the exchange is likely to be Binance, which was initially set up in China, moved to Japan, and then moved to Malta.
After Maltese authorities reported that Binance was never licensed in the country, the company has not given a clear indication of its current jurisdiction.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/9183.html
相关文章
UK opens consultation on taxation of DeFi transactions
Binance Accused of Helping Hackers Launder Stolen FundsUK’s HM Treasury has outlined tax policy changes targeted at DeFi lending and staking.The prop...
阅读更多
Litecoin price prediction: here's why LTC could explode
Binance Accused of Helping Hackers Launder Stolen FundsLitecoin price traded above $90 on Sunday, with LTC hitting intraday highs of $91.60.While price has...
阅读更多
1 quadrillion yUSDT minted in Yearn Finance exploit
Binance Accused of Helping Hackers Launder Stolen FundsThe hack was detected by blockchain security firm PeckShield.The hacker swapped the yUSDT to other s...
阅读更多
热门文章
- Samsung's Ballie robot is back with a vengeance at CES 2024
- QYSEA's FIFISH E
- Exeger's customizable solar cell can offer limitless battery longevity
- Mixed reality headsets: Here's everything you need to know
- OpenAI’s Altman teams up with UAE and TSMC for AI chip venture
- EU energy crisis: German solar power boom sees skyrocketing revenue