As per the report, the U.S. attorney’s office for the Western District of Washington in recent months sent subpoenas to U.S.-based hedge funds, questing their relationship with the crypto exchange.
The news comes amid the fallout of FTX’s meltdown and later bankruptcy filing. To be clear, U.S. authorities’ ongoing investigation into Binance does not mean the firm committed any wrongdoing.
Binance chief strategy officer Patrick Hillmann told the Washington Post that the firm is engaging with “virtually every regulator across the globe on a daily basis,” declining to comment specifically on any ongoing investigation.
Source: https://www.theblock.co/post/199980/us-authorities-request-information-from-hedge-funds-about-binance-wapo?utm_source=rss&utm_medium=rss