Binance processed at least $2.35 billion in transactions related to illegal activity between 2017 and 2021, according to Reuters.
According to the publication, the crypto exchange actively processed illegal transactions, including those linked to the darknet website Hydra and the North Korean group Lazarus.
The agency has used court records, law enforcement statements and blockchain information to come to this conclusion. The cryptocurrency exchange has responded it does not believe the calculations are accurate and has refused to provide its own data.
According to Reuters, buyers and sellers of the darknet site Hydra used Binance to make and receive $780 million in payments over five years.
The agency has also claimed North Korean hacker group Lazarus used Binance to launder cryptocurrency.