Binance Compliance Officer Under Scrutiny For FTX, Gemini, And Sex Trafficker Associations
November 28 2023 - 9:00PM
NEWSBTC
In a recent investigative report by the media outlet Unlimited
Hangout, serious allegations were made against Noah Perlman, the
chief compliance officer of Binance. The report highlights
Perlman’s alleged ties to the collapse of FTX, the troubled Gemini
exchange owned by the Winklevoss twins, and even convicted and
deceased sex trafficker Jeffrey Epstein. If the allegations made by
the media outlet prove true, and Perlman is investigated by US
authorities, Binance could find itself embroiled in another
executive scandal following the departure of former CEO Changpeng
Zhao (CZ). Associations With Epstein And Alleged Fraud
Unlimited Hangout alleges that Perlman’s father, Itzhak Perlman, a
renowned violinist, had flown on multiple occasions on a plane
owned by Jeffrey Epstein. Itzhak Perlman also reportedly
accompanied Epstein to Michigan’s Interlochen Center for the Arts,
where Epstein later built a lodge for him, which was later
described as a “lair to target girls.” While Noah Perlman
served as a federal prosecutor for the Department of Justice’s
Special Coordinator for Crimes against Children, these family
connections to Epstein raise questions about his associations.
After leaving the Department of Justice, Perlman joined Gemini, the
cryptocurrency exchange owned by the Winklevoss Twins, as the chief
compliance officer. Although Perlman had left Gemini months before
the New York Attorney General filed a lawsuit against the exchange,
he had been allegedly “heavily involved” in Gemini’s Earn program,
which became the focus of the alleged $1.1 billion fraud.
Related Reading: Analyst Thinks DOT Will Reclaim Former Glory With
Polkadot 2.0 As reported by NewsBTC, the lawsuit alleges that
certain individuals knew that the program’s partner, Genesis, was
financially unstable and withdrew their funds before its collapse.
Per the report, Perlman held the position of chief operating
officer at the time, raising suspicions about his role in the
alleged misconduct. Troubled Bank’s Links To Binance Officer And
FTX Perlman’s involvement with Farmington State Bank, later renamed
Moonstone, adds another layer of complexity to the alleged
wrongdoing cited by Unlimited Hangout. According to the report, in
2019, Perlman was listed as a director of FBH Corp., the entity
that took over the rural bank. Moonstone Bank later garnered
attention when Alameda Research, linked to FTX, acquired an $11.5
million stake. Sam Bankman-Fried, the former chief of FTX,
also reportedly invested $50 million in the bank. However,
Moonstone Bank faced regulatory challenges, with the Federal
Reserve initiating an enforcement action against it shortly before
the Bank of Eastern Oregon acquired its deposits and assets.
Overall, Perlman is at the center of serious allegations concerning
his alleged connections with Jeffrey Epstein, the failed Earn
program at Gemini, and Moonstone Bank. However, it is
important to note that these allegations have not been
substantiated by any investigations or official connections made by
US authorities or other global agencies. Related Reading:
Unlocking Bitcoin ETF Profits: Experts Reveals “Best” Trading
Strategy The claims and allegations put forth by media news outlets
require further response from Binance’s executives and
investigation by relevant authorities. There has been no official
statement from Perlman regarding these allegations. It remains to
be seen how the exchange and Perlman himself will address these
claims and provide clarity on the matter. Featured image from
Shutterstock, chart from TradingView.com
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