The U.S. Justice Department is looking into Binance, the largest cryptocurrency exchange in the world, for violating Russian sanctions.
The authorities are investigating whether Binance Holding was improperly used by Russia to evade financial restrictions imposed by the United States.
According to sources, the national security section of the Justice Department has opened an investigation to see whether Binance or any of its many personnel have managed to avoid sanctions related to the Russian invasion of Ukraine.