tldr; Binance reportedly allowed suspicious accounts to move funds even after its $4.3 billion US criminal settlement in 2023, which included pledges to tighten controls. Internal data revealed 13 accounts processed $1.7 billion in transactions, including $144 million post-settlement, raising concerns about Binance’s governance and surveillance upgrades. Some accounts displayed red flags, such as frequent bank detail changes and impossible location shifts, prompting questions about compliance with anti-money laundering measures.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
DryMyBottom on
it’s the wild west out there
wierdjokes on
But they will demand your entire sequenced DNA to let go of your $200.
5 Comments
tldr; Binance reportedly allowed suspicious accounts to move funds even after its $4.3 billion US criminal settlement in 2023, which included pledges to tighten controls. Internal data revealed 13 accounts processed $1.7 billion in transactions, including $144 million post-settlement, raising concerns about Binance’s governance and surveillance upgrades. Some accounts displayed red flags, such as frequent bank detail changes and impossible location shifts, prompting questions about compliance with anti-money laundering measures.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
it’s the wild west out there
But they will demand your entire sequenced DNA to let go of your $200.
Rules for thee but not for me.
Business as usual I guess