Binance DepartmentofJustice crypto cryptocurrencyexchange DOJ hesitates to bring charges against Binance amid the depths of crypto winter
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The case is now to the point where many of the federal prosecutors involved believe there is enough evidence to justify an aggressive move against the exchange and its executives – including its founder Changpeng Zhao . In recent months, the defense attorneys for Binance have met with Justice Department officials to argue against moving forward with criminal proceedings at this point, citing the dangers such a move would pose to the cryptocurrency market.
The multi-year case has reportedly had a great effect on how CZ has run operations at Binance and led to the hiring of officials from the Internal Revenue Service’s Criminal Investigation division, which was the agency that was investigating Binance. He also enforced strict secrecy rules for employees, such as using email as minimally as possible and using encrypted messaging services for communication.
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