Binance and its CEO admitted to money laundering violations, leading to a $4.3 billion settlement and the CEO’s resignation.
The company faces accusations of enabling transactions for terrorist groups and users in sanctioned countries.
Binance is currently embroiled in a series of legal challenges following accusations of facilitating transactions for terrorist groups and failing to comply with anti-money laundering laws. This situation escalated with Binance and its CEO, Changpeng Zhao, pleading guilty to money laundering violations in a Seattle federal court.
The plea is part of a settlement involving the Department of Justice and the Commodity Futures Trading Commission, amounting to $4.3 billion in fines and restitution. Consequently, Zhao has stepped down from his CEO position.
Allegations of Inadequate Controls and Oversight
Central to the controversy is the Treasury Department’s accusation against Binance for its lax approach in curtailing activities of militant groups like

Czytaj więcej

We współpracy z: https://www.crypto-news-flash.com/examining-the-evidence-binances-alleged-links-to-hamas-al-qaeda-and-isis-explored/?utm_source=rss&utm_medium=rss&utm_campaign=examining-the-evidence-binances-alleged-links-to-hamas-al-qaeda-and-isis-explored