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."

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