Binance Employees Accused of Helping Chinese Customers Bypass KYC Verification
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According to a CNBC report, Binance employees have been helping Chinese customers bypass the Know-Your-Customer (KYC) verification process needed to access the crypto exchange. Binance has launched a company-wide investigation into the potential evasion of KYC verification, which was reportedly assisted by employees. The former FDIC Chief Innovation Officer, Sultan Meghji, had some choice words for Binance.