- Binance set out to elude U.S. authorities by building a bare-bones American platform, Binance.US, that would license Binance’s technology and brand but appear to be independent.
- Binance.US registered with the U.S. Treasury’s Financial Crimes Enforcement Network as a money-services business.
- Binance has been in the crosshairs of some other countries, where it has been accused of operating without a license.
- The SEC and the Justice Department have been probing the relationship of Binance, which lists no headquarters, to Binance.US at least since 2020.
- Binance developers in China maintained the software code supporting Binance.US users’ digital wallets, potentially giving Binance access to U.S. customer data.
Texts From Crypto Giant Binance Reveal Plan to Elude U.S. Authorities
The exchange was intertwined with an American firm portrayed as independent. Now, regulators are circling.
Caitlin Ostroff and 
