Key facts
- Binance shared data on a Russian client with Russian authorities.
- The data was used as evidence in terrorism financing charges.
- The client is a Russian IT specialist.
- The specialist allegedly used cryptocurrency donations for terrorism financing.
- Binance stated it fully exited Russia in 2023.
- Binance stated it cooperated with a lawful information request.
Binance has shared data pertaining to a Russian client with Russian authorities, which subsequently became evidence in terrorism financing charges brought against the individual. The client, identified as a Russian IT specialist, is accused of using cryptocurrency donations for terrorism financing. Binance, which announced its complete withdrawal from Russia in 2023, stated that it complied with a lawful information request from the authorities. The exchange's cooperation with the Russian government in this instance highlights the complexities faced by global cryptocurrency platforms operating under various national jurisdictions and regulatory frameworks. The specific details of the data shared and the nature of the cooperation were not fully disclosed, but the information was instrumental in the charges filed against the IT specialist.