Binance, the world’s largest cryptocurrency exchange by trading volume, is under investigation by the Department of Justice and Internal Revenue Service, according to Bloomberg.
The exact subject of the investigation hasn’t been confirmed, but officials who typically handle money laundering and tax offenses are reportedly involved.
Binance has been dogged by regulators for years—it’s currently under investigation by the Commodity Futures Trading Commission over whether it knowingly allowed US customers to trade on its non-US platform.
Binance was not immediately available for comment.
This is a developing story and will be updated.