Binance helped Russia build case against IT specialist over $700 Ukraine donation, Reuters

Binance’s compliance and cooperation policy is once again drawing scrutiny after a Reuters report fingered the exchange’s role in helping authorities in Moscow build a criminal case against a Russian IT specialist accused of donating roughly $700 to Ukraine. 

The biggest exchange in the world has found itself in an all-too-familiar spot where it is being tugged in different directions as to how and when it provides logistical support for governments around the world. 

Does Binance provide data to Russia?

The case against the Ukraine donor is the latest knot in years of Binance’s fraught relationship with Russian authorities. In 2021, Gleb Kostarev, who headed the exchange’s Eastern Europe and Russian operations at the time, said he did not have “much of a choice” when he met with Rosfinmonitoring officials, according to Reuters. 

Rosfinmonitoring is the Russian agency that tracks financial transactions, and it was looking into Bitcoin donations raised by opposition leader Alexei Navalny. The now-deceased Navalny was in jail at the time.  

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