From 2017 to 2021, Binance processed transactions worth at least 2.35 billion USD related to illegal activities, according to Reuters. The agency used court records, statements of law enforcement agencies and information from the blockchain. The crypto exchange replied that they did not consider the calculations accurate and refused to provide their own data.
In particular, according to Reuters, over five years, buyers and sellers of the Hydra darknet site have used Binance to make and receive payments for 780 million USD. This information was reported by Crystal Blockchain, and representatives of another analytical company agreed with it.
The agency also claims that the North Korean hacker group Lazarus used Binance to launder cryptocurrencies. And the German police reported that criminals in Europe laundered funds through the crypto exchange, the victims lost a total of 750 million EUR (800 million USD).
In April, Reuters reported that the regional head of Binance, Gleb Kostarev, agreed to transfer customer data to Rosfinmonitoring. Kostarev subsequently stated that he had not transmitted the data.