Binance Failed to Prevent Suspicious Accounts from Moving $144M After 2023 Plea Deal: Report

Binance Failed to Prevent Suspicious Accounts from Moving $144M After 2023 Plea Deal: Report

In brief Leaked internal data suggest that Binance failed to prevent 13 suspicious accounts from operating after its November 2023 settlement with the U.S. The suspicious accounts have moved funds worth $144 million since November 2023, and $1.7 billion since 2021. The settlement established a five-year FinCEN monitorship of Binance, with monitors responsible for ensuring that the exchange complies with its new obligations. Suspicious accounts c…