Following allegations surrounding money laundering and tax violations, Binance Holdings Ltd., is facing a federal investigation by the Internal Revenue Service and the U.S Department of Justice. According to Bloomberg, government officials have been seeking information from people who have insight into Binance’s business dealings and exploring possible money-laundering and tax-related offenses by both the exchange’s staff and customers. The investigation comes after a report by Chainalysis, a blockchain forensic firm, traced $2.8 billion worth of illicit bitcoin on exchange and