Binance Recovers $30 Million in Illegal Profits Through Internal Audit Over Two Years
JOON HYOUNG LEE
Summary
- Binance announced that it has recovered a total of $30 million in illegal profits through internal audits.
- He Yi reported that more than 60 people were dismissed for regulatory violations.
- It was revealed that two lawsuits and legal investigations are currently ongoing.
Global cryptocurrency exchange Binance has reportedly recovered $30 million (approximately 44 billion KRW) in illegal profits through internal audits conducted over the past two years.
According to WuBlockchain on the 3rd, Binance co-founder He Yi recently stated, "Over the past two years, the internal audit team has conducted more than 120 investigations," and "recovered a total of $30 million in illegal profits." He Yi also mentioned, "More than 60 people were dismissed for regulatory violations," and "currently, two lawsuits and legal investigations are ongoing."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul![Trump ally Myron, a Fed governor, resigns White House post…pushing for rate cuts until Warsh arrives? [Fed Watch]](https://media.bloomingbit.io/PROD/news/75fa6df8-a2d5-495e-aa9d-0a367358164c.webp?w=250)
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