Binance Named as Counterparty in FinCEN Order Against Bitzlato

“Roughly two-thirds of Bitzlato’s top receiving and sending counterparties are associated with darknet markets or fraud. For example, Bitzlato’s top three receiving counterparties, by total number of BTC received between May 2018 and September 2022, were: (1) Binance, a VASP ; (2 ) the Russian-linked darknet marketplace Hydra; and (3) the alleged Russia-based Ponzi scheme “TheFiniko,” the order states.