Published an hour ago, by Olayode Yusuff
olleux.io
Chainalysis, a platform offering comprehensive cryptocurrency investigation and transaction monitoring solution, has denied Udi Wertheimer’s claim that it threw its “biggest client Binance under the bus” by claiming the exchange has the highest receiver of illicit bitcoin. Before Chainalysis shared the excerpt of the report, the transparency platform sought the opinion of Binance, and interestingly the exchange’s Chief Compliance Officer Samuel Lim showed they remained committed to cleaning the cryptocurrency space of rogue.
Response from Crypto Expert on Chainalysis Report The report caught the cryptocurrency space in awe, resulting in Udi positing that naming Binance as the “number one receivers of illicit bitcoins, reflects that blockchain transparency platform Chainalysis is no true friend of Binance. Debunking the claim, Chainalysis stated that that the purpose of its crypto research report, wherein Binance was mentioned as one of the largest recipients of illicit funds, was fashioned to shine a glistering light on illicit activities while also actively encouraging the efforts of the law enforcement and exchanges like Binance to make cryptocurrency safer for people’s use.
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