Japanese cryptocurrency exchange Fisco has accused Binance of inaction in laundering assets stolen from the Zaif exchange in 2018. The lawsuit is filed in the Northern California District Court.
Fisco claims that the attackers laundered 1,451 BTC through Binance. In this they were allegedly helped by the platform’s weak KYC/AML measures, which “do not meet industry standards.”
Recall that in September 2018, unknown persons hacked the Japanese Zaif exchange. It took the developers four days to find the problem.
Soon after the incident, Zaif was acquired by the investment company Fisco. She promised to compensate the users of the platform.
In September 2020, the Slovak bitcoin exchange Eterbase was hacked. According to representatives of the site, the attackers transferred most of the stolen cryptocurrency to Binance, Huobi and HitBTC.