Breaking: Binance Onboards Former IRS Agent Behind Silk Road Burst

Breaking: Binance Onboards Former IRS Agent Behind Silk Road Burst

Binance, the world’s leading crypto exchange continues to expand its regulatory and legal team with the addition of former IRS agent Tigran Gambaryan, the man behind some of the high profile and multi-billion dollar digital asset cases. Gambaryan is most known for his investigation and bursting of the largest darknet marketplace Silk Road and subsequent arrest of Ross Ulbricht. He was also involved in the infamous Mt. Gox crypto exchange hack which was the largest Bitcoin processor at the time.

Gambaryan would join Binance as the vice president of global intelligence and investigations. Matthew Price, another former IRS special agent would soon join Binance as the senior director of investigations. Changpeng Zhao, the CEO of Binance said the inclusion of highly experienced former IRS agents would make the crypto exchange a leader in compliance. He explained,

“The Binance investigations team now includes the top investigators in the world,” Binance Chief Executive Officer Changpeng “CZ” Zhao said in the statement. “This level of experience will make Binance a leader in compliance, enhancing trust in Binance and the cryptocurrency ecosystem as a whole.”

Binance Working Towards Compliance in Full Force

Binance’s regulatory trouble in nearly a dozen countries has forced it to re-strategize its compliance and regulatory teams, onboarding several experienced regulatory and legal executives. The crypto exchange claims to be actively working with regulators in different countries to ensure full compliance.

Binance recently announced the suspension of its spot trading services and fiat gateways via its global platform Binance.com in Singapore owing to the recent warning by Singapore’s top regulatory body. Apart from Singapore, the crypto exchange has also closed its crypto derivatives offerings across Europe, Hong Kong, Australia, and Singapore. With regulations getting tougher around the world and competing exchanges such as Coinbase and FTX are making great progress, Binance is working to mend its ways to remain the leading crypto exchange of the world.

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