The Japanese crypto exchange Fisco has accused Binance of facilitating the laundering of $ 9.4 million in bitcoins stolen from the Zaif exchange in 2018.
On September 14, Fisco (the owner of Zaif) filed a 33-page lawsuit in the U.S. District Court for the Northern District of California, alleging that Binance's "weak" KYC requirements allowed cybercriminals to exchange funds stolen from Zaif for other cryptocurrency and fiat.
According to the prosecutor, since 2018, thieves have been able to launder 1451.7 BTC in this way, the value of which at the exchange rate at the timetheft was about $9.4 million, and today –more than $ 15 million. To bypass the KYC and AML protocols of the platform, they created many new accounts and sent no more than 2 bitcoins to each of them.
Fisco also points out that shortly afterhacking, Zaif representatives approached Binance with a request to freeze operations and accounts associated with the stolen assets, but the exchange did not do it on time, either intentionally or unintentionally.
The prosecutor is demanding a jury trial, payment of $ 9.4 million with interest from the time of the break-in and additional compensation for the time and money spent searching for the stolen property.
Recall that a few weeks ago, due to suspicions of market fraud, the police arrested the leadership of the crypto exchange Coinbit.
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