Binance shared user data with Russia in crypto case
6.6 Regulation Binance gave Russian authorities user data in a Ukraine-linked crypto case, raising concerns over privacy, compliance, and EU data handling after Binance's exit from Russia.
Multiple reports indicate that Binance provided Russian authorities with user data, including transaction records and personal identification, in a case involving cryptocurrency donations to organizations linked to the Ukrainian military. The data was reportedly used as evidence against Yuri Belenkiy, accused of transferring over $700 in crypto to groups labeled as terrorist organizations by Russia. Shared information included Belenkiy’s address, phone number, date of birth, passport details, and Bulgarian residency permit. This cooperation has raised concerns about Binance’s compliance with privacy regulations, especially regarding EU residents’ data and the platform’s obligations after leaving the Russian market. The incident has sparked debate within the crypto community about balancing legal compliance with user privacy. Binance has not commented on the case specifics, and the legal basis for the data transfer remains unclear.
