Binance Responds to US Treasury in North Korea Crime

  • The US Treasury has blacklisted Binance-hosted wallets.
  • The trade responded to the seizure of US Treasury accounts.

Binance, the world’s largest cryptocurrency trade, responded to the US Treasury Division seizing $4.4 million and freezing accounts linked to North Korean crimes.

On Might 23, the U.S. Treasury Division’s Workplace of Overseas Belongings Management blacklisted a Binance-hosted pockets to tie up the North Korean authorities. The seized cryptocurrency pockets held greater than $2 million price of Bitcoin, Ethereum, Tether and USDC, in line with the report. The cryptocurrency pockets belongs to a 58-year-old North Korean nationwide named Kim Sang-man.

On the time, there have been many questions on whether or not exchanges have been actively managing wallets hosted by them. Now, the trade has responded to a US Treasury account seizure.

Binance mentioned the trade was proud to assist US regulation enforcement seize $4.4 million and freeze accounts associated to organized crime in North Korea. And the trade praised the Binance analysis staff and regulation enforcement companions for his or her relentless efforts to root out crime world wide.

See also  Binance Reportedly Promotes Brad Jaffe as New Chief Technique Officer

(Tag Translation) Binance


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