Binance has been designated by the U.S. FinCEN as one of the main counterparties in the Bitzlato illegal funds case

ChainCatcher news, according to Bloomberg, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) wrote in a document that about two-thirds of the largest counterparties for receiving and sending transactions for Bitzlato are related to darknet markets or scams: from May 2018 to September 2022, Binance was the largest counterparty for receiving Bitcoin, followed by the Russian-linked darknet market Hydra and the Russia-based scam TheFiniko in second and third places, respectively. The top three sending counterparties during the same period were Hydra, the Finnish Bitcoin exchange Local Bitcoins, and TheFiniko.

In response, a Binance spokesperson wrote in a statement that Binance "has provided significant assistance to international law enforcement partners supporting this investigation, reflecting Binance's commitment to working with global law enforcement partners." (Bloomberg)