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Binance Transferred $346M For Seized Crypto Exchange Bitzlato

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Binance, the largest crypto exchange in terms of trading volume, transferred $345.8 Million worth of bitcoin (BTC) transactions for crypto exchange Bitzlato.

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Reuters reported Tuesday that Chainalysis had provided data for its blockchain research company.

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According to Reuters, Binance handled 205,000 transactions for Bitzlato in May 2018 and last Week.

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Bizrate was shut down by the U.S. Department of Justice after its founder was charged with money laundering.

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According to the report, bitcoin transactions worth $90 million were made after August 2021.

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Binance then stated that it would begin demanding more background checks of customers to combat financial crime.

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