DOJ urged to investigate Binance for possible lying to lawmakers by US Senators Bloomberg.

Crypto exchange Binance may have provided false information to lawmakers about its business practices and should be investigated by the U.S. Department of Justice (DOJ), according to a letter from Senators Elizabeth Warren (D-Mass.) and Chris Van Hollen (D-Md.) to U.S. Attorney General Merrick Garland. The letter alleges that Binance may have made false statements, including claims that its affiliate Binance.US is a separate entity. The U.S. Securities and Exchange Commission also filed a lawsuit against Binance and its CEO Changpeng “CZ” Zhao on Monday, alleging the sale of unregistered securities, commingling of customer funds, and that CZ was secretly controlling Binance.US. The lawmakers called the matter a serious one and had previously referred to Binance as a “hotbed of illegal financial activity” in a letter to CZ and Binance.US earlier this year. Binance did not immediately respond to a request for comment.

Read more: Binance a ‘Hotbed of Illegal Financial Activity,’ U.S. Senators Claim

Edited by Parikshit Mishra.