DOJ memo warns of reduced Binance cooperation on crypto cases
An internal Justice Department memo signals a shift in how authorities can rely on Binance, even as the exchange pushes back on the characterization
A US Department of Justice memo has instructed prosecutors to expect reduced operational cooperation from Binance in crypto investigations beginning June 8, The Information reported Wednesday.
According to the memo, the exchange will no longer provide courtesy freezes on customer assets, and law enforcement agencies will be required to submit formal Mutual Legal Assistance Treaty (MLAT) requests before seeking asset freezes or seizures.
Binance denied that its policies have changed, saying that the memo does not reflect its current practices. The company maintained that it continues to cooperate with US law enforcement.