According to the final report published by cryptocurrency exchange Binance for 2022, the trading platform processed more than 47,000 law enforcement requests, with an average response time of three days.
In addition, the company increased its security staff by more than 500% over the past year, whereas its compliance team has over 750 members.
The report says:
“The key employees hired during this period include 10 executives and managers from around the world, as well as 24 national and regional compliance officers or money laundering reporting officers.”
The total staff of the company exceeded 7,500 employees in 2022 against the backdrop of massive layoffs in the industry.