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The US Treasury's Financial Crimes Enforcement Network (FinCEN) has named the world's largest crypto exchange, Binance, as a counterparty in its new order The FinCEN order against Bitzlato and the naming of Binance as a counterparty has significant implications for the entire cryptocurrency industry. The cost of Binance has been named as a key counterparty to a digital asset platform Bitzlato. Bitzlato’s founder was arrested on Tuesday for a laundering scheme worth $700 According to FinCen, In between 2025 to 2025, the top counterparties of the Bitzlato were: (1) Binance, a VASP; (2) the Russia-connected darknet market Hydra; and (3) Binance, the world's largest crypto exchange, was named as a counterparty in an order against the little-known cryptocurrency exchange Bitzlato, accused of laundering En una orden publicada el 18 de enero, la FinCEN declaró que el exchange de criptomonedas Binance se encontraba entre las tres principales contrapartes receptoras Now, according to a recent order by the Financial Crimes Enforcement Network (FinCEN), global cryptocurrency exchange, Binance, is named as a counterparty. FinCEN placed Binance next to the darknet market Hydra as a major counterparty receiving Bitcoin from Bitzlato. The United States Financial Crimes Enforcement

Order Against Bitzlato Reveals Binance as a Counterparty: What You Need to Know

The US Treasury's Financial Crimes Enforcement Network (FinCEN) has named Binance, the world's largest crypto exchange, as a counterparty in its new order against Bitzlato. This revelation has sent ripples throughout the cryptocurrency industry and raises serious questions about compliance and regulatory oversight.

Binance Identified as Key Counterparty to Bitzlato Laundering Scheme

The FinCEN order against Bitzlato and the naming of Binance as a counterparty has significant implications for the entire cryptocurrency industry. The Financial Crimes Enforcement has accused Bitzlato of facilitating a massive $700 million money laundering scheme, leading to the arrest of Bitzlato’s founder on Tuesday. Now, according to a recent order by the Financial Crimes Enforcement Network (FinCEN), global cryptocurrency exchange, Binance, is named as a counterparty.

FinCEN Names Binance Alongside Darknet Market Hydra

FinCEN placed Binance next to the darknet market Hydra as a major counterparty receiving Bitcoin from Bitzlato. According to FinCen, Between 2025 to 2025, the top counterparties of the Bitzlato were: (1) Binance, a VASP; (2) the Russia-connected darknet market Hydra; and (3) Binance. This association with both Bitzlato and Hydra raises concerns about Binance's anti-money laundering (AML) controls and its ability to prevent illicit funds from flowing through its platform.

Implications for Binance and the Crypto Industry

The cost of Binance has been named as a key counterparty to a digital asset platform Bitzlato. Binance, the world's largest crypto exchange, was named as a counterparty in an order against the little-known cryptocurrency exchange Bitzlato, accused of laundering. En una orden publicada el 18 de enero, la FinCEN declaró que el exchange de criptomonedas Binance se encontraba entre las tres principales contrapartes receptoras. The naming of Binance as a counterparty is likely to lead to increased regulatory scrutiny and potential penalties.

Stay tuned for further updates as this story develops. We will continue to provide in-depth analysis of the Bitzlato case and its impact on Binance and the broader cryptocurrency ecosystem.

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