The company has faced warnings and business curbs from financial watchdogs from Britain and Germany to Japan, who are concerned over the use of crypto in money laundering and risks to consumers.

Binance logo and stock graph are displayed in this illustration taken, on June 28, 2021.
Binance logo and stock graph are displayed in this illustration taken, on June 28, 2021. (Reuters)

US officials are examining possible insider trading and market manipulation at Binance, Bloomberg News has reported, potentially adding more heat to the cryptocurrency exchange that has become a target of regulatory scrutiny in many countries.

Authorities are looking into whether Binance or its staff profited by taking advantage of its customers, Bloomberg reported on Friday, citing people with knowledge of the matter.

“At Binance, we have a zero-tolerance policy for insider trading and a strict ethical code related to any type of behavior that could have a negative impact on our customers or industry,” the world’s biggest crypto platform said in a statement. SOURCE US reportedly investigating possible insider trading at Binance (trtworld.com)

By block head

Block Head is a blockchain journalist.