US gov't will probe Binance at least six times in three years
Much anticipated documents recently filed by the US government reveal an extensive monitoring program for crypto exchange Binance, a probe it agreed to as part of its $4.3 billion settlement with the Department of Justice (DoJ) and several other US agencies. Along with conforming to rigorous compliance commitments, Binance will be visited by one or more monitors to keep it in check. This monitor, proposed by Binance but ultimately approved by the agencies, will conduct its first review within four months of being appointed. Five months after its review, the monitor must submit its first report. From there, follow-up reviews and reports must be submitted periodically within a similar time frame — meaning Binance will be probed at least six times over the next three years. The US gov’t will monitor Binance for years — who’s right for the job? Read more: Top Binance exec Noah Perlman’s ties to Epstein, Moonstone, and Gemini The frequency, depth, and scope of these...