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U.S. Prosecutors Subpoena Hedge Funds in Binance Money Laundering Investigations

Katie Lin

Summary: U.S. prosecutors have subpoenaed hedge funds amidst crypto exchange Binance’s money laundering investigations, according to reports by Cointelegraph.  The U.S. attorney’s office for the Western District of Washington in Seattle have called upon investment firms to provide records of communication with Binance, according to anonymous sources. Binance’s investigations began in 2018, when a number of ...

U.S. prosecutors have subpoenaed hedge funds amidst crypto exchange Binance’s money laundering investigations, according to reports by Cointelegraph. 

The U.S. attorney’s office for the Western District of Washington in Seattle have called upon investment firms to provide records of communication with Binance, according to anonymous sources.

Binance’s investigations began in 2018, when a number of cases regarding illegal fund usage within the company were brought before prosecutors.

Author: Katie Lin

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