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The suit offers no conclusive evidence of those ties, and the public money trail ends at Binance, a cryptocurrency exchange. By using a cryptocurrency called tether and routing it through Binance’s offshore exchange, Yu’s investors made it impossible to know the source of the funds. At the time of the transaction, Binance’s offshore operations were not adhering to American banking rules, according to the US government. Brent Loudder, who oversaw electrical and plumbing work at the site, said contractors had issues getting paid. New York Times Last month, Binance pleaded guilty to violating anti-money-laundering regulations, agreeing to pay more than...
