Binance is helping Russians move money abroad, potentially adding to its sprawling legal problems in the U.S.
The cryptocurrency giant, led by founder Changpeng Zhao, joined many other major international companies early last year in scaling back its business in Russia, one of its largest markets by trading volume at the time. After Russia invaded Ukraine, Binance said it had stopped working there and was implementing Western sanctions requirements. It restricted trading on its platform in Russia.
Source: The Biggest Player in Crypto Is Facing a Risk Over Russia – WSJ
