Binance.US Hires Former FBI Agent To Lead Its Investigations Team

Binance.US Hires Former FBI Agent To Lead Its Investigations Team
фото показано с : zycrypto.com

2022-10-21 23:04

Binance is a large crypto exchange that has made its name in the industry. It is so far, the most popular crypto exchange in many parts of the world. In the US, Binance has a special extension, dubbed Binance.US. 

The exchange has been at the forefront of helping law enforcement tackle crypto-related crimes like fraud and money laundering. The crypto exchange is taking its efforts a notch higher by hiring a fitting expert to head its new investigations team. It has sought the services of BJ Kang, a retired FBI agent with experience in cybercrime and trading-related vices.

Binance.US To Build Own Investigations Infrastructure

Binance.US plans to build its own in-house crypto investigations team headed by Kang. The investigations team will identify and respond to crypto crimes on the exchange. These efforts will primarily be focused on Binance.US, the US branch of the Binance exchange.

Is He The Man For The Job?

BJ Kang has had a 20-year career in the FBI, smoking out criminals. Before he retired from the FBI, he worked with the cybercrime unit at the agency’s Washington Field Office. He led investigations into some high-profile money laundering and insider trading cases on Wall Street. He also tackled hackers and cyber extortionists. As such, he appears to be a specialist fit for the job at Binance.US.

In a statement, Kang said,

“Close coordination between the crypto industry and relevant law enforcement agencies to identify and punish bad actors is required to increase trust and enable the crypto ecosystem to continue to grow.”

Binance.US Has Almost Tripled Its Core Team And Budget

The last year has seen Binance.US increase its compliance, legal, and risk operations teams by around $145% and triple their budgetary allocations. Currently, around 20% of the exchange’s workforce work in these teams.

Brian Shroder is the Chief Executive of Binance.US and has been the force behind recent developments. 

During a recent interview, he said,

“As we continue to expand and grow, we wanted to put more resources into keeping the platform safe. “We wanted to put our best foot forward in terms of helping to police not only our platform but kind of the broader crypto ecosystem.”

origin »

Binance Coin (BNB) на Currencies.ru

$ 680.24 (-0.11%)
Объем 24H $1.652b
Изменеия 24h: 2.11 %, 7d: -1.21 %
Cегодня L: $666.97 - H: $682.01
Капитализация $96.92b Rank 6
Цена в час новости $ 268.81 (153.06%)

binance crypto exchange popular many far parts

Источник: zycrypto.com

binance crypto → Результатов: 126


Binance Targets Thailand’s Crypto Oasis As Launchpad To 1 Billion Users

Binance is shifting its focus to increase cryptocurrency adoption in Thailand which could transform the future of digital assets in the Asian region. Related Reading: Pakistan Legalizes Crypto: A Major Shift From Ban To Boom Binance announced it wants to make virtual coins a mainstream currency in the Thai market, which could propel the crypto […]

2024-11-7 07:00


Binance’s regulatory woes don’t seem to scare crypto investors

The Commodities Futures Trading Commission (CFTC) filing against Binance represented the culmination of increased regulatory pressure on the crypto industry.  On March 27, the CFTC sued the company, its CEO Changpeng Zhao (CZ), and its compliance lead Samuel Lim for violating commodities regulations in the United States The market reacted switftly to the filing, with Bitcoin […] The post Binance’s regulatory woes don’t seem to scare crypto investors appeared first on CryptoSlate.

2023-4-4 21:25


Фото:

Top Crypto Moguls Predict Bullish Trends on Crypto Market as Binance Converts $1 Billion Recovery Fund

Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) could soon receive a significant boost in price fuelled by the mass conversion of the funds from Binance. On his Twitter, Binance CEO Changpeng Zhao announced the move to convert $1 billion Industry Recovery Initiative funds from BUSD to ‘native crypto’, such being Bitcoin and Ethereum alongside […]

2023-3-17 21:29


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Why this Bitcoin proxy is a ‘buy’ even if the Fed holds rates steady today

The US Federal Reserve is broadly expected to leave its key rate unchanged as it announces its policy decision on Wednesday, January 29th. Rate cuts tend to be meaningfully positive for Bitcoin as they make bonds and saving accounts less attractive, making investors look for better returns in the risk-on assets like cryptocurrencies. Still, a […]

Dogizen meme coin looks more attractive under Trump 2.0: here’s why

President Donald Trump has recently urged the US based technology companies to focus on innovation to remain competitive. His comment has been associated primarily to artificial intelligence, considering it came after the launch of DeepSeek’s new model that wiped billions off American AI stocks.

Is iDEGEN worth investing after the DeepSeek episode?

Artificial intelligence has been all the rage in financial markets in recent days after DeepSeek announced a new AI model that rivals OpenAI at a surprisingly low cost. While the revelation from the Chinese startup has been a major hiccup for US stocks in the near term, President Donald Trump said it will only prove […]

Remittix price prediction: here’s how 2025 may unfold for RTX

Bitcoin has clawed its way back to well over $100,000 following a brief decline in tandem with the US tech stocks triggered due to the launch of DeepSeek’s new AI model. The resilience of the world’s largest cryptocurrency made crypto bull Geoffrey Kendrick reiterate his $200,000 price target on BTC by the end of 2025, […]

Acting US CFTC chair hints at roundtable to address digital assets market issues

Acting US CFTC Chair Caroline Pham has said that the commission will host roundtables on several issues including digital assets. The acting chair aims for clear crypto market rules. Pham’s move comes as the Senate prepares to vote on a bill clarifying the roles of the CFTC and the SEC concerning digital assets regulations.