Binance allegedly let suspicious accounts keep trading after 2023 US plea deal
The post Binance allegedly let suspicious accounts keep trading after 2023 US plea deal appeared on BitcoinEthereumNews.com.
Binance let hundreds of millions in crypto move through shady accounts after its $4.3 billion criminal plea deal in 2023, according to findings published by the Financial Times. These accounts (some linked to terrorist networks, others showing impossible login behavior or blatant KYC failures) remained active, with one Venezuelan in particular reportedly pushing $93 million through his Binance account, some of which were traced to Iran and Hezbollah. The Binance accounts came from Venezuela, Brazil, Syria, Niger, and China, with users allegedly logging in from Caracas and Osaka within hours, or changing banking details 647 times in just 14 months. “A common automated process at financial institutions is to screen for irregular “pass-through” behaviour, such as when funds deposited into an account are transferred out again within 24 hours in a manner that is potentially suspicious,” said FT. Binance accounts showed alleged suspicious activity The Financial Times claims it investigated 13 different Binance accounts and allegedly found suspicious flows of $1.7 billion in crypto, including $144 million after November 2023, the same day Binance agreed to clean house. One Venezuelan woman, who registered on Binance in 2022, received over $177 million in crypto in under two years, allegedly using 496 different bank accounts to off-ramp funds across the Americas. The 13 accounts received at least $29 million in Tether from wallets later frozen by Israel under anti-terrorism laws. Most of that came from four wallets tied to Tawfiq Al-Law, who was accused of funneling money for Hezbollah, the Houthis, and a Syrian firm connected to the Assad regime. These wallets were seized in May 2023 and sanctioned by the U.S. Treasury in March 2024. In one bizarre case, a man from Brazil registered with a damaged ID card from 20 years ago, where even his date of birth was unreadable.…
Filed under: News - @ December 22, 2025 9:28 am