“Partially as a result of Zhao did not implement an efficient AML program at Binance, illicit actors used Binance’s change in varied methods, together with working mixing providers that hid the supply and possession of cryptocurrency; transacting in illicit proceeds from ransomware assaults; and shifting proceeds of darknet market transactions, change hacks, and varied internet-related scams,” the submitting stated, pointing to fund actions from darknet markets and crypto mixers.
