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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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Welt

Munich public prosecutor's office investigates Benko for fraud and infidelity

Real estate investor René Benko is already in custody in Austria and is now getting further trouble with the judiciary. The Munich public prosecutor's office suspects Benko of having defrauded the Saudi sovereign wealth fund of a three-digit million sum and is also investigating infidelity. Source

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breakingthenews.net

France starts fraud investigation into Binance

France's National Jurisdiction for the Fight against Organized Crime (Junalco) started on Tuesday an investigation into crypto platform Binance. The company is suspected of aggravated money laundering...

26 days ago

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Law360

France Probes Binance Over Money Laundering Breaches

France's public prosecutor on Tuesday opened a criminal investigation into crypto exchange Binance over suspected money laundering and terrorist financing breaches that authorities said may have enabled tax fraud and drug trafficking.

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U.S. News

French Investigators Open Fraud Probe Against Crypto Platform Binance

US News is a recognized leader in college, grad school, hospital, mutual fund, and car rankings. Track elected officials, research health conditions, and find news you can use in politics, business, health, and education.

26 days ago·New York, United States

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Wall Street Journal

France Probes Binance Over Money-Laundering Lapses

French officials have begun a criminal investigation into Binance for suspected failings in countering money laundering, opening another front in the crypto exchange's legal battles. Binance, which [picked Paris](https://www.wsj.com/articles/binance-picks-paris-to-be-regional-hub-in-europe-11651686

26 days ago·New York, United States

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Reuters

+20 Reposted by 20 other sources

French investigators open fraud probe against crypto platform Binance

French investigators said on Tuesday they had opened a judicial probe into money laundering, tax fraud and other charges at Binance, the world's largest cryptocurrency exchange, which said it denied the allegations.

26 days ago·United Kingdom

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