Binance CEO: Illicit transactions are just 0.001% of volume at top CEXs

Binance CEO Richard Teng has responded to a Forbes report alleging that major cryptocurrency exchanges earned millions of dollars in fees from criminally-linked transactions. Teng stated that some mainstream media outlets unfortunately cherry-pick data to portray cryptocurrency and Binance in a negative light. He said that according to actual statistics from Chainalysis and TRM Labs, illicit transactions account for only 0.001% of the volume on top centralized exchanges, adding that the figure for Binance is significantly lower.