U.S. District Court for the District of New Jersey in Newark, New Jersey. (Photo: New Jersey Historical Society) Binance Sued After $30 Million in Crypto Stolen and Allegedly Laundered on Platform
The plaintiff alleged five causes of action, including RICO, through what he characterized as the "Binance crypto-wash enterprise."
August 22, 2024 at 01:21 PM
3 minute read
What You Need to Know
- A New Jersey man had crypto valued at $30 million stolen.
- He alleged that the digital assets were laundered on Binance.
- An expert broke down the process by which hackers launder digital assets.
Attorneys have sued Binance in a federal district court in Newark after a variety of cryptocurrencies valued at $30 million was stolen from their client and allegedly laundered through the global company's exchange.
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