Binance's China Connection: Bombshell FT Report Exposes Secret Ties

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Binance's China Connection: Bombshell FT Report Exposes Secret Ties
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Internal company documents show that cz_binance and senior executives told staff to conceal the company's Chinese presence, according to FT

, US Senator Bill Hagerty recently expressed concerns about Binance's connections to the Chinese Communist Party during an FTX-focused Senate Banking Committee hearing.

Hagerty accused Binance of conducting business in emerging markets in a"predatory fashion" and suggested that the company was part of a Chinese state-backed network.having ties to China and the Chinese government. In the meantime, Sam Bankman-Fried, founder of the failed crypto firm FTX, was recently slapped with new charges in the US for allegedly bribing a Chinese official with at least $40 million to regain access to trading accounts frozen by local authorities. The allegations add to the fraud case filed against him last year following FTX's collapse

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