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US DOJ Investigating Binance’s Involvement With Possible Russian Sanctions Violations: Bloomberg

The US Justice Department is investigating whether Binance Holdings Ltd. was illegally used to let Russians skirt US sanctions and move money through the cryptocurrency exchange.

The Justice Department’s national security division is looking into whether Binance or company officials acted improperly regarding sanctions related to Russia’s invasion of Ukraine, Bloomberg said, citing people familiar with the matter.

Binance said in a statement to Bloomberg that the company complies with all US and international financial sanctions.

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