Binance shared client data with Moscow for Ukraine donation case

Binance provided client information to Russian authorities in a case involving donations linked to Ukraine, according to documents reviewed by Reuters.

The exchange disclosed user details to Moscow prosecutors, who used the data to charge a Russian citizen for transferring cryptocurrency donations to Ukraine, the documents show. The case centers on allegations that the individual funded activities deemed illegal under Russian law by supporting Ukrainian entities during the ongoing conflict.

Binance, the world’s largest cryptocurrency exchange by trading volume, confirmed it complied with a legal request from Russian authorities. The company stated it adheres to applicable laws and regulations in jurisdictions where it operates, including Russia. Binance did not disclose the specific user or transaction details in its response.

The documents, which include court filings and correspondence, indicate the exchange provided account information, transaction records, and user identification data. Legal experts noted that compliance with such requests varies by jurisdiction and depends on local laws and enforcement practices.

The case highlights the challenges cryptocurrency platforms face in balancing regulatory compliance with user privacy, particularly in regions with stringent enforcement policies. Binance has previously faced scrutiny over its operations in Russia, including allegations of facilitating illicit transactions. The exchange has denied such claims and emphasized its commitment to anti-money laundering (AML) and know-your-customer (KYC) protocols.

Russian prosecutors did not immediately respond to requests for comment. Binance declined to provide further details on the matter.