{"id":28685,"date":"2020-09-15T13:24:43","date_gmt":"2020-09-15T10:24:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=28685"},"modified":"2025-08-27T12:53:12","modified_gmt":"2025-08-27T09:53:12","slug":"fisco-sues-binance-over-alleged-role-in-bitcoin-laundering","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/fisco-sues-binance-over-alleged-role-in-bitcoin-laundering\/","title":{"rendered":"Fisco sues Binance over alleged role in Bitcoin laundering"},"content":{"rendered":"<p>The Japanese cryptocurrency exchange Fisco has accused Binance of inaction in laundering assets stolen in 2018 from the Zaif exchange. The suit <a href=\\\"https:\/\/www.tbstat.com\/wp\/uploads\/2020\/09\/Binance_Fisco.pdf\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">\u043f\u043e\u0434\u0430\u043d<\/a> in the U.S. District Court for the Northern District of California.<!--more--><\/p>\n<p>\\n<\/p>\n<p>Fisco says the attackers laundered 1,451 BTC through Binance, allegedly helped by the platform&#8217;s lax KYC\/AML measures that \\&#8221;do not meet industry standards\\&#8221;.<\/p>\n<p>\\n<\/p>\n<blockquote>\n<p>\\&#8221;Shortly after the hack, Zaif representatives asked Binance to freeze accounts linked to the stolen bitcoins. But the exchange took no action,\\&#8221; the lawsuit states.<\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p>Fisco asks the court to order the defendant to pay more than $9 million and \\&#8221;a fair compensation for the time and money spent locating the property\\&#8221;.<\/p>\n<p>\\n<\/p>\n<p>In September 2018, unknown hackers breached the Zaif exchange. It took four days for the issue to be detected.<\/p>\n<p>\\n<\/p>\n<p>Shortly after the incident, Zaif was acquired by an investment company, Fisco. It promised to compensate users of the platform.<\/p>\n<p>\\n<\/p>\n<p>In September 2020, the Slovak bitcoin exchange Eterbase was hacked. According to representatives of the platform, the attackers <a href=\"https:\/\/u1f987.com\/en\/news\/eterbase-hackers-moved-stolen-cryptocurrency-to-binance-and-huobi\">transferred<\/a> most of the stolen cryptocurrency to Binance, Huobi and HitBTC.<\/p>\n<p>\\n<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/twitter.com\/ForkLog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Japanese cryptocurrency exchange Fisco accused Binance of inaction in laundering assets stolen in 2018 from the Zaif exchange. The suit has been filed in the Northern District of California.<\/p>\n","protected":false},"author":1,"featured_media":28686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1166,1162],"class_list":["post-28685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-centralized-exchanges-cex","tag-court-cases"],"aioseo_notices":[],"amp_enabled":true,"views":"34","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=28685"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28685\/revisions"}],"predecessor-version":[{"id":28687,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28685\/revisions\/28687"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/28686"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=28685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=28685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=28685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}