Binance Under Scrutiny for Post-Settlement Activity

[madmax]

Internal data reviewed by the Financial Times suggests Binance allowed suspicious accounts to move $1.7B in crypto even after its $4.3B US criminal settlement in 2023.

13 accounts in countries including Venezuela, Brazil, Syria, Niger, and China were involved.

$144M in transactions reportedly occurred after the November 2023 plea agreement.

Experts question the effectiveness of Binance’s promised AML and governance upgrades.

The case highlights ongoing challenges in regulating crypto exchanges despite major settlements.

[ed]

been using binance for a while, makes me nervous seeing these reports