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Binance denies accusation of sharing user data with Russian agencies

Binance denies accusation of sharing user data with Russian agencies

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Answer Binance denies accusation of sharing user data with Russian agencies

Binance posted yesterday negation Reuters reported that it had agreed to share users’ information with a Russian financial intelligence agency called “Rosfin” that collects and analyzes data, and added that it would file a formal complaint in response to the accusation.

The post by the cryptocurrency exchange noted that a recent Reuters article sought to wrongly portray Binance as having close ties to FSB-controlled agencies and Russian regulators.

According to the Reuters report, quoting text messages, the director of Binance in Eastern Europe and Russia, Gleb Kostarev, agreed to the request of the Russian body to agree to share user data, the messages showed.

At that time (April 2021) Rosfin was seeking to track millions of dollars in bitcoins collected by jailed opposition leader Alexei Navalny, according to a Reuters report.

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Binance’s denial contained a series of elements that Binance reiterated, such as:

Sharing user data with third parties or parties.

Yesterday, a Binance representative told the company that the company did not assist the Russian state in its attempts to investigate Navalny.

Binance went on to say that prior to the current conflict in Ukraine, its involvement in Russia was no different from its participation in any other country, and that it treated everyone the same.

She added that after the start of the war, Binance stopped operating in Russia and implemented severe sanctions, noting that it also donated more than $ 10 million to humanitarian efforts to help Ukrainians.

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