A former CEO of Binance has criticized a recent article alleging anti-money laundering (AML) failures at the cryptocurrency exchange. The ex-CEO, who no longer runs Binance, questioned the credibility of the claims, suggesting that the article's narrative could be misleading. They emphasized that Binance employs multiple third-party AML tools, similar to those used by law enforcement, to monitor every transaction.
The former executive highlighted the potential for negative narratives to be constructed based on anonymous sources, who may be unhappy or incentivized to spread fear, uncertainty, and doubt (FUD). The comments suggest skepticism about the article's claims and underline the rigorous AML processes reportedly in place at Binance.
Former Binance CEO Criticizes Article on Alleged AML Failures
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