Binance CEO denies the loss of 90% of customers after implementing KYC
Changpeng Zhao said that his colleague’s words were distorted in order to attract traffic to the news site
01.08.2022 - 13:40
528
2 min
0
What’s new? Changpeng Zhao, the head of the cryptocurrency exchange Binance, has denied claims by his staff that the company lost 90% of customers and billions of dollars after implementing the KYC procedure. Tigran Gambaryan, the head of the compliance team, said this earlier in an interview with CoinDesk, commenting on a Reuters investigation into the exchange’s involvement in money laundering by criminals. On Twitter, Zhao said his colleague’s words were distorted. “This type of headlines sell more clicks... Sad, but true,” he concluded.
It's a complete mis-quote. Look at the numbers...😂😂😂But the fact is, this type of headlines sell more clicks... Sad, but true. https://t.co/Zuega2hMjU— CZ 🔶 Binance (@cz_binance) August 1, 2022
Details of the investigation. In early June, the Reuters news agency investigated that criminals had laundered more than $2,35 billion through Binance since 2017. It noted that hackers from the North Korean group Lazarus and individuals involved in the Russian darknet marketplace Hydra were among them.
In November 2021, Changpeng Zhao reported that the exchange lost about 3% of its customers after implementing KYC. And in May, Binance strengthened KYC procedures to comply with sanctions restrictions.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 468
BTC
+1.04%
-
Ethereum
$3 339.08
ETH
-0.03%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.45
XRP
+27.53%
-
Dogecoin
$0.404427
DOGE
+4.17%
-
Cardano
$0.907764
ADA
+13.21%
-
Bitcoin Cash
$484.61
BCH
-2.49%
-
Polkadot
$6.17
DOT
+3.95%
-
Stellar XLM
$0.29302
XLM
+19.91%
-
Litecoin
$91.15
LTC
+1.14%