Subpoenas issued in ongoing federal probe of crypto exchange Binance – The Washington Post

Federal prosecutors are examining American hedge funds’ dealings with cryptocurrency exchange Binance as part of a long-running investigation into potential violations of money-laundering rules at one of the world’s leading crypto companies.

In subpoenas sent in recent months, the U.S. attorney’s office for the Western District of Washington in Seattle directed investment firms to hand over records of their communications with Binance, according to two people, each of whom reviewed one of the subpoenas and spoke on the condition of anonymity to discuss the confidential matter.

Source: Subpoenas issued in ongoing federal probe of crypto exchange Binance – The Washington Post