A Reuters investigative report claims that Binance cozied up with the Russian government and betrayed user trust by sharing data with the government.
The report claims that Binance was seeking to grow its local business and was ready to do anything for this, although the exchange has dubbed the report a smear campaign.
After exposing Binance’s willingness to sidestep regulations and the CEO’s involvement in steering the exchange to aggressive growth that cared little about compliance, Reuters has unearthed yet another shady Binance undertaking. This time it’s in Russia, with the exchange reportedly cozying up with President Vladimir Putin’s government and betraying the trust of its users.
Binance’s tale in Russia stretches back several months as the exchange strived to become the largest in the country in the midst of a crypto crackdown. At the center of it all is Gleb Kostarev, the head of Eastern Europe and Russia at the exchange, which is the largest in the world in tra
