For months now, ex-SEC enforcement official John Reed Stark has been vocal about his speculation that a US Department of Justice (DOJ) action against Binance is imminent or has already been filed under seal. While these assertions haven’t yet materialized, Stark has taken to X once again, offering “yet another new reason” to bolster his claim.
Binance’s Alleged Ties To Sanctioned Banks
This time, Stark references a recent Wall Street Journal report, shedding light on the exchanges’ connections with sanctioned banks and its involvement in large-scale ruble-to-crypto trades. He mentioned, “The WSJ reports that via layers of intermediaries, Binance’s clients can turn funds at sanctioned banks into balances at Binance… Is this what it means to run an international money laundering service? IMHO, Yes.”
The report claims that Russians can exchange rubles for digital currencies, particularly stablecoins that are pegged…
