Binance provided transaction records and identity documents to Russian authorities that were later used in a terrorism-financing case against Yuri Belenkiy, according to a Reuters report.
The documents, supplied by the world’s largest cryptocurrency exchange, were cited in legal proceedings involving Belenkiy, who was accused of financing activities linked to the conflict in Ukraine. The case underscores the increasing scrutiny of digital asset platforms amid broader geopolitical tensions.
Reuters did not specify when the data was handed over or whether Binance was compelled by legal or regulatory requirements. The exchange has not publicly commented on the report. Russian authorities have not responded to requests for clarification.
The case highlights concerns over the potential misuse of cryptocurrency platforms in cross-border financial crimes, particularly as authorities in multiple jurisdictions tighten oversight of digital asset transactions. Binance, which operates globally, has faced regulatory challenges in several markets, including investigations into its compliance with anti-money laundering and counter-terrorism financing rules.
Belenkiy’s legal team has not responded to requests for comment on the use of the data in the case.
