Reuters reported that in April 2021, Binance’s head of Eastern Europe and Russia, Gleb Kostarev, met with Rosfinmonitoring officials and agreed to hand over certain user data to regulators.
Rosfinmonitoring was allegedly trying to obtain information about users who donated cryptocurrency to Alexei Navalny, who is currently in prison
However, Binance claimed that Reuters provided categorically false information that it had shared user data with “Russian agencies controlled by the FSB.”
“Today, any government or law enforcement agency in the world can request user data from Binance as long as it is accompanied by the proper legal authority. Russia is no different. Binance has not entered into any unusual agreements with the Russian government,” the company said.
The exchange published e-mail correspondence with Reuters and its representatives that was part of the report. The company also said it would write an official complaint against the news agency, claiming the article was merely a means to create an infopoint.