French Prosecutors Expand Money Laundering, Tax Fraud Probe Against Binance: Reuters
- French prosecutors have expanded a judicial probe into money laundering and tax fraud against Binance, the world's largest cryptocurrency exchange, which denies the allegations.
- The investigation, led by Junalco, examines activities from 2019 to 2024, involving offenses in France and the European Union.
- Binance's founder, Changpeng Zhao, was sentenced to four months in prison in the U.S. For violating money laundering laws, and Binance agreed to pay a $4.3 billion penalty.
- The investigation began after user complaints about financial losses and alleged illegal trading practices by Binance, which has faced scrutiny in multiple countries.
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Total News Sources0
Leaning Left6Leaning Right4Center8Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
45% Center
L 33%
C 45%
R 22%
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