CyberCriminal.com

Binance

We are investigating Binance for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices. This includes potential violations such as impersonation, fraud, and perjury.

PARTIES INVOLVED : Binance

ALLEGATIONS : Perjury, Fraud, Impersonation

INCIDENT DATE : 03 Sep 2024

INVESTIGATED BY : Ethan Katz

TOOLS USED : Lumen, FakeDMCA, SecurityTrails

CASE NO : 6521/A/2024

CRIME TYPE : Intellectual Property Scam

PUBLISHED ON : 25 Nov 2024

Binance
Due Diligence
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Is This About You?
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What We Are Investigating?

Our firm is launching a comprehensive investigation into Binance over allegations that it has been suppressing critical reviews and unfavorable Google search results by fraudulently misusing DMCA takedown notices. These actions, if proven, could constitute serious legal violations—including impersonation, fraud, and perjury.

We conducted comprehensive analyses of fraudulent copyright takedown requests, meritless legal complaints, and other unlawful efforts to suppress public access to critical information. Our reporting sheds light on the prevalence and modus operandi of a structured censorship network, often funded and used by criminal enterprises, oligarchs and criminal entities seeking to manipulate public perception and bypass AML checks conducted by financial organisations.

The fake DMCA notices in this investigation appears to have been strategically deployed to remove negative content from Google search results illegally. Based on this pattern, we have reasonable grounds to infer that Binance - or an entity acting at its behest - is directly or indirectly complicit in this cyber crime.

In most such cases, such ops are executed by rogue, fly-by-night 'Online Reputation Management' agencies acting on behalf of their clients. If evidence establishes that the subject knowingly benefited from or facilitated this scam, it may be deemed an 'accomplice' or an 'accessory' to the crime.

What are they trying to censor

Binance, the world’s largest cryptocurrency exchange by trading volume, has faced a barrage of allegations, red flags, and adverse news over the years, raising serious concerns about its operations, compliance, and ethical practices. These issues have significantly tarnished its reputation, prompting questions about its willingness to suppress damaging information, even if it means engaging in illicit activities.
Major Allegations and Red Flags:

  1. Regulatory Violations and Evasion: Binance has been accused of operating without proper licenses in multiple jurisdictions, including the US, UK, Japan, and others. Regulatory bodies have criticized the platform for failing to implement robust anti-money laundering (AML) and know-your-customer (KYC) protocols, making it a potential hub for illicit activities.
  2. Facilitation of Illicit Transactions: Investigations have revealed that Binance processed transactions linked to criminal activities, including money laundering, ransomware payments, and darknet markets. A 2022 Reuters investigation alleged that Binance processed over $2.35 billion in illicit funds between 2017 and 2021.
  3. Market Manipulation: Critics have accused Binance of engaging in or enabling market manipulation, including wash trading and insider trading. The exchange has also faced scrutiny over its relationship with market makers and its role in listing low-quality tokens.
  4. Lack of Transparency: Binance has been criticized for its opaque corporate structure, with its headquarters remaining undisclosed for years. This lack of transparency has fueled suspicions about its operations and compliance with global regulations.
  5. Misleading Investors: The exchange has faced allegations of misleading investors about the risks associated with certain products, such as leveraged tokens and futures trading, leading to significant losses for retail users.
  6. Cybersecurity Concerns: Binance has suffered multiple high-profile hacks, including a $40 million breach in 2019, raising questions about its ability to safeguard user funds.
  7. Pressure on Critics and Journalists: Reports suggest that Binance has used legal threats and intimidation tactics to silence critics, journalists, and researchers investigating its practices.

Impact on Binance’s Reputation:

These allegations have severely damaged Binance’s reputation, portraying it as a platform that prioritizes profit over compliance, security, and ethical conduct. The exchange’s perceived disregard for regulatory norms and its association with illicit activities have eroded trust among users, institutional investors, and regulators. This reputational harm could lead to decreased trading volumes, loss of partnerships, and increased regulatory scrutiny.

Why Binance Would Want to Suppress Damaging Information:

Binance’s survival and growth depend on maintaining user trust and regulatory compliance. Negative stories about its operations could lead to stricter regulations, fines, or even bans in key markets. By suppressing such information, Binance could avoid reputational damage, maintain its market dominance, and continue operating with minimal oversight. However, resorting to cybercrime to achieve this—such as hacking, doxxing, or deploying disinformation campaigns—would not only be illegal but also further undermine its credibility.

In conclusion, Binance’s alleged misconduct and the adverse news surrounding it highlight systemic issues within the cryptocurrency industry. While the exchange may seek to control the narrative, its long-term success hinges on addressing these concerns transparently and ethically, rather than attempting to silence its critics through illicit means.

  • https://lumendatabase.org/notices/44302647
  • https://lumendatabase.org/notices/41263350
  • https://lumendatabase.org/notices/30335067
  • September 03, 2024
  • May 2, 2024
  • January 17, 2023
  • David Mazaheri
  • Jason llc
  • Swissinfo.ch
  • https://townhall.com/columnists/davidmazaheri
  • https://ottawasun.com/2013/12/28/a-look-at-ottawas-nine-homicides-of-2013
  • https://www.swissinfo.ch/spa/eeuu-criptomonedas_la-plataforma-de-criptomonedas-celsius-network-se-declara-en-bancarrota/47751426
  • https://behindmlm.com/companies/binance-sued-for-freezing-nimbus-platform-ponzi-funds/
  • https://bingxfarsi.com/
  • https://www.elmundo.es/economia/2022/07/14/62cfaaf221efa03b318b45c5.html

Evidence Box

Evidence and relevant screenshots related to our investigation

Targeted Content and Red Flags

behindmlm.com

Binance sued for freezing Nimbus Platform Ponzi funds

  • Adverse News
Visit Link

techtarget.com

Binance money laundering scandal explained: What to know

  • Adverse News
Visit Link

malwaretips.com

The Binance Bitcoin Payout Scam – What You Need to Know

  • Adverse News
Visit Link

About the Author

The author is affiliated with TU Dresden and analyzes public databases such as Lumen Database and FakeDMCA.com to identify and expose online censorship. In his personal capacity, he and his team have been actively investigating and reporting on organized crime related to fraudulent copyright takedown schemes.

Additionally, his team provides advisory services to major law firms and is frequently consulted on matters pertaining to intellectual property law.

He can be reached at [email protected] directly.

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How This Was Done

The fake DMCA notices we found always use the 'back-dated article' technique. With this technique, the wrongful notice sender (or copier) creates a copy of a 'true original' article and back-dates it, creating a 'fake original' article (a copy of the true original) that, at first glance, appears to have been published before the true original

What Happens Next?

Based on the feedback, information, and requests received from all relevant parties, our team will formally notify the affected party of the alleged infringement. Following a thorough review, we will submit a counter-notice to reinstate any link that has been removed by Google, in accordance with applicable legal provisions. Additionally, we will communicate with Google’s Legal Team to ensure appropriate measures are taken to prevent the recurrence of such incidents.

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