Crypto Exchange Binance.US Hires Ex-FBI Agent as First Head of Investigations: Report

Stephen Alpher

Stephen Alpher is CoinDesk's co-regional news chief, Americas. He holds BTC and ETH above CoinDesk’s disclosure threshold of $1,000.

The U.S. unit of crypto exchange BINANCE has hired ex-FBI agent BJ Kang as its first head of investigations, the Wall Street Journal reported Thursday.

Binance.US has been increasing its regulatory staff, with headcount in up 145% in that department so far this year and more than 20% of the company's staff now working in legal, compliance and risk operations, according to the story.

Kang previously led insider-trading probes into New York Mets owner Steve Cohen and former hedge fund manager Raj Rajaratnam among others, and he recently retired from the FBI.