US Asked Binance for Documents Related to Money-Laundering Probe: Report

The request was made by federal prosecutors in late 2020.

AccessTimeIconSep 1, 2022 at 12:19 p.m. UTC
Updated May 11, 2023 at 5:39 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

In late 2020, U.S. federal prosecutors asked crypto exchange Binance to submit internal documents related to its money-laundering checks and communication involving CEO Changpeng "CZ" Zhao, Reuters reported Thursday, citing a written request.

The Justice Department asked the company to hand over messages between Zhao and other executives on matters related to detection of illegal transactions and customer acquisition in the U.S., the report added.

The authorities also sought any company records with instructions that "documents be destroyed, altered or removed from Binance's files" or "transferred from the United States," the report said.

Binance has been under the radar of U.S authorities for some time now, with the Commodity Futures Trading Commission looking at allegations of insider trading and market manipulation by the crypto exchange.

In a tweet, CZ said that his "chat messages are semi-public anyway."

"As has been well documented, regulators across the globe are reaching out to every major crypto exchange to better understand our industry. This is a standard process for any regulated organization and we work with agencies regularly to address any outstanding questions," a Binance spokesperson said.

UPDATE (Sept. 1, 13:17 UTC): Adds comment from Binance CEO and spokesperson in fifth and sixth graf.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Parikshit Mishra

Parikshit Mishra is CoinDesk's Deputy Managing Editor responsible for breaking news coverage. He does not have any crypto holdings.

Oliver Knight

Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.