Binance US hires Ex FBI agent to lead its investigative efforts

BJ Kang, a former FBI agent, has been appointed by the US branch of the world’s biggest crypto exchange Binance, Binance US to lead its new investigation team.

In this role as the first Head of Investigations, he will work “closely” with regulators and law enforcement officials to maximize customer protection.

A recent release stated that BJ Kang would use his extensive experience to uncover unlawful cryptocurrency-related criminal activity and improve the platform’s security.

Binance US chooses “The Most Feared Man on Wall Street”

The new Head of Investigations is “one of the most respected and accomplished professionals in federal law enforcement,” according to Brian Shroder, CEO of Binance US. The executive recalled that he was involved in some of the most high-profile cybercrime cases over the past few years:

“He will be instrumental in strengthening our partnerships with law enforcement agencies and ensuring Binance US continues to be a leader in developing a safe, secure digital asset marketplace for all Americans.”

For his accomplishments over the course of his career at the Bureau, BJ Kang won numerous awards. He participated in the 2008 “prep walk” of American crook Bernie Madoff and the 2009 arrest of Sri Lankan-American Raj Rajaratnam. As a result,  Reuters gave him the title “The Most Feared Man on Wall Street.”

BJ Kang lauded Binance US as a top platform that has created a “secure digital asset marketplace” in his remarks regarding his new position. He pledged to collaborate with the appropriate law enforcement agencies and oversight organizations to help the business prevent cybercrime and “enable the crypto ecosystem to continue to grow.”

Notably, the company’s expansion in the industry continues. The Nevada Department of Business and Industry granted Binance US a money-transmitter license two months ago.

The company will keep taking the necessary actions, according to CEO Shroder, until offering its services in all 50 of America’s states and territories.

Serving the US market, Binance US operates independently from its parent company. It has been one of the top options for American investors throughout the course of its three-year existence. In April, the company completed a $200 million fundraising effort, increasing its total worth to $4.5 billion.