{"id":572128,"date":"2022-06-06T18:16:44","date_gmt":"2022-06-06T17:16:44","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=572128"},"modified":"2022-06-06T18:16:44","modified_gmt":"2022-06-06T17:16:44","slug":"binance-debunks-reuters-claims-that-2-5b-was-laundered-in-5-yrs-states-crypto-is-very-traceable","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/binance-debunks-reuters-claims-that-2-5b-was-laundered-in-5-yrs-states-crypto-is-very-traceable\/","title":{"rendered":"Binance Debunks Reuters Claims that $2.5B Was Laundered Through the Exchange in 5 Yrs, States Crypto is Very Traceable"},"content":{"rendered":"
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The team at the crypto exchange of Binance<\/a> has debunked a report<\/a> by Reuters that claims that the crypto exchange is a hub for hackers, fraudsters, and drug traffickers. Furthermore, the Reuters report claims that Binance was used to launder roughly $2.5 billion between 2017 and 2022.<\/p>\n In response<\/a> to the claims by Reuters, the team at Binance has highlighted that crypto is not a money-laundering paradise as assumed by many. The Binance team further explained that of all crypto transactions made in 2021, only 0.15% were associated with some type of illicit activity.<\/p>\n In comparison, between 2% to 5% of traditional fiat, worth roughly $800 billion to $2 trillion, has been associated with some type of illicit activity in the same year of 2021.<\/p>\nBinance Explains Crypto is Not a Money-Laundering Paradise<\/h2>\n