Hacking: Binance could face $ 134 million money laundering probe in India

Binance cryptocurrency exchange’s legal woes have now spread to India. The world’s largest crypto exchange is under the control of the Indian money laundering agency’s Bureau of money laundering (ED) over its role in a $ 134 million money laundering case, according to a Bloomberg report. ED has revealed a money laundering scam run by Chinese betting apps that use cryptocurrencies to launder money. WazirX, an Indian crypto exchange acquired by Binance in 2019, is reportedly being used to launder $ 138 million.

Coingape previously reported that ED was reviewing cryptocurrency records worth $ 38 million, or 27.9 billion rupees, transferred through WazirX, which it claimed had no records of the exchange.

ED issued notice due to f exchange WazirX for violation FEMA, 1999 using the transaction for the amount of the Commission 2790,74 крора rupees.

– ED (@dir_ed) June 11, 2021

Hacking message: Binance could be investigated in a $ 134 million money laundering case that first appeared in Coingape in India.

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