Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy.
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Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy.
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Binance reportedly provided Russian authorities with transaction records and personal information belonging to a customer accused of financing terrorism via cryptocurrency donations to Ukrainian fundraising campaigns.Russian investigators used information supplied by Binance as evidence against IT specialist Yuri Belenkiy, who was detained in September 2025 and is awaiting trial in Russia, according to law enforcement documents reviewed by Reuters.Russia’s Investigative Committee alleged Belenkiy sent more than $700 in crypto between January 2023 and March 2024 to the Ukrainian military and a banned organization that Reuters identified as the group known at different times as the Azov Brigade and the Azov Regiment.Reuters’ review found that Russian authorities asked Binance for Belenkiy’s transaction history and received information linking him to the transfers, along with his date of birth, address, phone number and passport number. The response also included copies of his Russian passport and Bulgarian residency permit.Binance announced a full exit from Russia in September 2023, selling its local business to CommEX.A Binance spokesperson declined to comment on specific confidential law enforcement requests or individual cases.“Binance does not make or enforce the laws of any jurisdiction, determine charges, or decide how any government uses information in legal proceedings. Like other global financial institutions, we cooperate with lawful information requests from law enforcement globally, subject to applicable legal, privacy and regulatory requirements,” the spokesperson told Cointelegraph.Related: Binance to restrict transactions involving HTX, 10 other crypto platformsCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
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Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy.
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BitMart’s official Chinese-language X account has publicly demanded that founder Sheldon Xia explain the whereabouts of user funds and produce a repayment plan by Wednesday.The account said in a Monday post that some users remained unable to withdraw funds and that some employees had not received their final salary or compensation, while calling on Xia to disclose BitMart’s wallets, assets, liabilities and available reserves, according to a machine translation of the post.The post said if Xia does not provide a verifiable asset disclosure and repayment plan by the deadline, it would continue to submit evidence to regulators, law enforcement, lawyers and the media.It was unclear who authored Monday’s post or whether the account remained under the company’s control. Cointelegraph contacted BitMart for comment but did not immediately receive a response.BitMart announced on July 26 that it would wind down its exchange as its BMX token plunged and users reported withdrawal delays. The company said trading on the platform will end on Aug. 26 and operations will cease on Jan. 31.The exchange has stopped accepting new deposits and registrations as part of the shutdown and warned that some withdrawals could face additional compliance and security reviews.Related: BitMart withdrawals appear to slow following wind-down announcementClaims on official account called “fabricated”Xia responded in an X post on Monday, calling the claims in the post “fabricated rumors” and saying evidence had been preserved, according to a machine translation. “We have collected full evidence of the content on X, all of which is fabricated rumors. During daytime US time, we will file a police report and send a lawyer’s letter to X, demanding technical and data forensics,” Xia said.Xia also said employees were not being prioritized over customers in the handling of assets, adding that “everyone is a client” and there were no privileges.He previously denied that BitMart had misappropriated user assets. On Aug. 8, Xia told users not to believe unverified claims or screenshots purportedly provided by current or former employees.Wallets attributed to BitMart by Arkham held about $36.5 million in crypto assets as of Monday, down from roughly $71 million on July 26 and $102 million on July 6.The tracked wallets may not represent all assets controlled by BitMart, and it is unclear how much of the decline reflects customer withdrawals, asset consolidation or transfers to other wallets.This is a developing story.Hodler’s Digest: Data of 54,000 wallet users leaked, CLARITY odds just 10%
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