According to The Washing Post, the US authorities are investigating the relationship of US hedge funds with Binance as part of an investigation into a possible violation of anti-money laundering rules.
The US Attorney’s Office for the Western District of Washington in Seattle has sent subpoenas to investment firms over the past few months. According to sources, law enforcement officers have asked them for reports on transactions with Binance.
The subpoenas do not necessarily mean the authorities will bring charges against the exchange or its founder and CEO Changpeng Zhao. According to Reuters, the US Department of Justice is weighing such a possibility, but also allows for a pre-trial settlement of the issue with the company.
Binance’s Chief Strategy Officer has said that the company “communicates virtually every day with every regulator around the world.”
