US hedge funds have reportedly been subpoenaed over dealings with Binance as probe of the world's largest crypto exchange unfolds

Jan 9 2023 by Business Insider

 
Binance logo is displayed on a mobile phone screen

Beata Zawrzel/NurPhoto via Getty Images

US investigators are reportedly sending subpoenas to hedge funds over their dealings with Binance.  The crypto exchange is facing a probe from the DOJ over potential violations of money laundering rules, per Reuters. The report comes at a time of great uncertainty for the industry following FTX's downfall.

Federal prosecutors are looking into US hedge funds' dealings with the world's largest...

Continue Reading US hedge funds have reportedly been subpoenaed over dealings with Binance as probe of the world's largest crypto exchange unfolds