• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Breaking News: Breaking: Binance Shocks Employees With Sudden Layoffs - What's Next For The Crypto Giant?
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Binance Shocks Employees With Sudden Layoffs - What's Next For The Crypto Giant?
Binance

Binance Hits Back At Reuters, Claims Data Sharing Report With Russia Is ‘Categorically False’

Christian Encila by Christian Encila
1 year ago
in Binance, Bitcoin, News
0

Binance, the world’s largest cryptocurrency exchange, has received extensive media notice in recent months.

Reuters stated that in response to the Ukrainian government’s call to freeze all Russian cryptocurrency accounts, Binance would block Russian customer accounts targeted by sanctions but not all of them.

The crypto exchange was not alone in its stance on account freezes, as numerous other prominent exchanges followed suit.

Suggested Reading | Samsung Throws In $25 Million In South Korean Metaverse Startup DoubleMe

Refuting The ‘Special Report’

On Friday, Binance denied a Reuters allegation that it had agreed to transfer user data to the Russian government in April last year.

Reuters published a “Special Report” claiming that it had agreed with a Russian government request to reveal user names and addresses related with Bitcoin donations to opposition figure Alexei Navalny.

Navalny ran for president in 2018 and was later poisoned – with indications that the Russian Federal Security Service was involved.

The FSB is in charge of counterterrorism, counterintelligence, and military surveillance. It is located at the former KGB headquarters on Lubyanka Square in downtown Moscow.

According to the Reuters article, Russia’s intelligence agency entrusted with countering money laundering, Rosfin, was attempting to trace millions of cash raised in Bitcoin by Navalny.

BTC total market cap at $758 billion on the weekend chart | Source: TradingView.com

Suggested Reading | Nate Diaz ‘Bullshits’ UFC Marketing Stunt Capitalizing On His NFT

Breaking Under Pressure?

Gleb Kostarev, Binance’s head of Russia and Eastern Europe, reportedly agreed to the request, telling a business partner that he “didn’t have much choice.”

According to Reuters, the crypto exchange has continued to operate in Russia following Ukraine’s incursion. This is despite the fact that other payment platforms, such as PayPal, have suspended operations in the country.

Kostarev said on his Facebook page, “It is a complete fabrication that I or the company provided Navalny’s or users data to Rosfin or the FSB.”

Binance clarified many of the “misrepresented” allegations in the Reuters report in a blog post, stating that any claims that it shared any user data, including that of Navalny, with Russian FSB-controlled agencies or Russian authorities are “categorically false.”

The world's biggest crypto exchange company is certainly not happy with the Reuters report. (Image credit: Binance)

Binance Clears Its Name

In a statement, it said:

“Any suggestion that Binance exchanged user data, including that of Alexei Navalny, with Russian FSB-controlled authorities or regulators is simply incorrect… Prior to the conflict, Binance’s presence in Russia was comparable to that of any other foreign corporation – from banks to fast food businesses.”

The company said on Thursday that it will restrict Russian account users with a balance of more above €10,000 to withdrawal-only mode.

“On these accounts, no deposits or trading will be authorized. Additionally, the limit applies to spot, futures, custodial wallets, as well as staked and earned deposits,” Binance said.

Meanwhile, Binance announced its intention to file a legal complaint with Reuters.

Featured image from Reuters, chart from TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Christian Encila

Christian Encila

Related Posts

Binance denies staff cut off allegations

Strike Back: Binance Denies 20% Staff Cut Allegations, Calls It ‘FUD’

19 hours ago
Bitcoin Whale Shark

Bitcoin Sharks & Whales Have Bought 93,000 BTC Since April Top: Santiment

3 days ago
Bitcoin

BREAKING: Bitcoin Mining Industry Spared From 30% Tax In US Debt Ceiling Deal

3 days ago
Bitcoin

Bitcoin Taker Buy Sell Ratio At Highest Since Feb, What Does It Mean?

4 days ago
Bitcoin

Bitcoin Shrimps Continue Aggressive Accumulation As Holdings Hit ATH

4 days ago
Bitcoin Bull

Bitcoin Bullish Signal: Exchange Netflow Registers Negative Spike

7 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Now Trending

  • Whale Power Unleashed: Mooky Emerges as the Rival Meme Coin...

    16 hours ago
  • Exploring the Meteoric Rise of Mooky: Could It Be the Next...

    16 hours ago
  • Discover the Next Big Thing: Mooky.io Presale Boasting Fair...

    19 hours ago

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
K8
K8

Press Releases

  • Chainlink holders are looking for diversifying their...

    3 mins ago
  • Toncoin continues downward trend XRP under pressure...

    7 mins ago
  • Fantom in serious danger investors are flocking to...

    12 mins ago
  • Expert Opinion: Ethereum (ETH) is Undervalued, Crypto...

    1 hour ago
  • What Does Passive Income Mean For You If You Use Cardano...

    2 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.