{"id":879841,"date":"2025-12-23T00:11:33","date_gmt":"2025-12-23T06:11:33","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/12\/23\/binance-let-hundreds-of-millions-flow-through-suspicous-accounts-after-us-settlement-ft\/"},"modified":"2025-12-23T00:11:33","modified_gmt":"2025-12-23T06:11:33","slug":"binance-let-hundreds-of-millions-flow-through-suspicous-accounts-after-us-settlement-ft","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/12\/23\/binance-let-hundreds-of-millions-flow-through-suspicous-accounts-after-us-settlement-ft\/","title":{"rendered":"Binance Let Hundreds of Millions Flow Through Suspicous Accounts After US Settlement: FT"},"content":{"rendered":"<div>\n<div>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/04\/23090551\/ayan-150x150.jpg\" alt>\n                    <\/p>\n<p>Crypto Journalist<\/p>\n<div>\n<p>Amin Ayan<\/p>\n<div>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/04\/23090551\/ayan-150x150.jpg\" alt>\n                <\/p>\n<div>\n<div>\n<p>Crypto Journalist<\/p>\n<p><span>Amin Ayan<\/span><span class><img decoding=\"async\" src=\"https:\/\/cryptonews.com\/wp-content\/themes\/cryptonews\/images\/verification.svg\" alt=\"Verified\"><\/span>\n                    <\/p>\n<\/p><\/div>\n<div>\n<p>Part of the Team Since<\/p>\n<p>Apr 2025<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div>\n<p>About Author<\/p>\n<p>Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24\/7 Wall St. He has&#8230;<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n<div>\n<p>Last updated:\u00a0<\/p>\n<p><time datetime=\"2025-12-22T08:34:55+00:00\">December 22, 2025<\/time>\n        <\/p>\n<\/p><\/div>\n<\/div>\n<p><img fetchpriority=\"high\" width=\"1200\" height=\"673\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/12\/22081536\/1766391335-image-1766391319031_optimized.jpg\" alt=\"Binance Let Hundreds of Millions Flow Through Suspicous Accounts After US Settlement: FT\" decoding=\"async\"  ><\/p>\n<p>Binance allowed hundreds of millions of dollars to pass through accounts flagged for suspicious activity even after agreeing to strengthen its compliance controls as part of a $4.3 billion settlement with US authorities in 2023, according to <a href=\"https:\/\/www.ft.com\/content\/5d8af345-d593-47b1-85ae-758ee60e9a89\" target=\"_blank\">an investigation by the Financial Times<\/a>.<\/p>\n<div>\n<p><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li><span>Binance processed large suspicious transactions after its 2023 US settlement, FT reported.<\/span><\/li>\n<li><span>Some funds were linked to alleged Iran- and Hizbollah-related networks.<\/span><\/li>\n<li><span>The findings raise questions about Binance\u2019s post-settlement compliance.<\/span><\/li>\n<\/ul>\n<\/div>\n<p>The report, based on internal files reviewed by the newspaper, claimed that accounts with serious red flags continued to trade on the platform well after Binance entered a plea agreement with the US Justice Department in November 2023.<\/p>\n<p>The leaked data spans transactions from 2021 through 2025 and reveals gaps in enforcement despite public commitments to tighter oversight.<\/p>\n<h2><span id=\"h-ft-binance-processed-93m-from-account-tied-to-alleged-terror-linked-network\">FT: Binance Processed $93M From Account Tied to Alleged Terror-Linked Network<\/span><\/h2>\n<p>Among the cases cited by the FT is an account registered to a resident of a Venezuelan slum that moved roughly $93 million through Binance over four years.<\/p>\n<p>Some of those funds originated from a network later accused by US authorities of covertly transferring money for Iran and Lebanon\u2019s Hizbollah.<\/p>\n<p>Another account, registered to a 25-year-old Venezuelan woman, received more than $177 million in crypto over two years and repeatedly changed its linked bank details, 647 times in just 14 months, cycling through nearly 500 unique accounts across multiple countries.<\/p>\n<p>In total, the FT reviewed data tied to 13 suspicious accounts that collectively handled $1.7 billion in transactions.<\/p>\n<figure><\/figure>\n<p>About $144 million of that volume occurred after the 2023 settlement, raising questions about the effectiveness of Binance\u2019s post-plea compliance measures.<\/p>\n<p>Stefan Cassella, a former US federal prosecutor, told the newspaper that the activity resembled that of an unlicensed money-transmitting business.<\/p>\n<p>The investigation also uncovered examples of physically impossible login activity that went undetected.<\/p>\n<p>One account linked to a Venezuelan bank employee showed access from Caracas in the afternoon, followed by a login from Osaka, Japan, early the next morning, a sequence suggesting account compromise or coordinated misuse.<\/p>\n<p>Several of the accounts received funds in Tether\u2019s USDT stablecoin from wallets later frozen by Israeli authorities under anti-terrorism laws.<\/p>\n<p>Many of those transfers were traced to wallets connected to Tawfiq Al-Law, a Syrian national accused of moving money for Hizbollah and Iran-backed Houthi groups.<\/p>\n<p>Israel seized related accounts in 2023, and the US Treasury sanctioned Al-Law in 2024.<\/p>\n<h2><span id=\"h-binance-defends-compliance-controls-amid-ft-scrutiny\">Binance Defends Compliance Controls Amid FT Scrutiny<\/span><\/h2>\n<p>Binance told the FT that it maintains strict compliance controls and a zero-tolerance approach to illicit activity, citing systems designed to flag and investigate suspicious transactions.<\/p>\n<p>The findings arrive amid renewed scrutiny of Binance\u2019s governance following President Donald Trump\u2019s <a href=\"https:\/\/cryptonews.com\/exclusives\/cz-pardon-sparks-backlash-as-trump-accused-of-corruption\/\">pardon of founder Changpeng Zhao<\/a> in October for anti-money laundering violations.<\/p>\n<p>The pardon, coupled with <a href=\"https:\/\/cryptonews.com\/news\/trump-family-earned-1b-in-pre-tax-gains-through-crypto-ventures-report\/\">expanded business ties between the Trump family<\/a> and Binance-linked entities, has complicated oversight efforts, according to former intelligence officials.<\/p>\n<p>Despite the appointment of independent monitors in 2024, much of the activity reviewed by the FT reportedly occurred after monitoring began.<\/p>\n<p>\n                                    <a href=\"https:\/\/news.google.com\/publications\/CAAqKQgKIiNDQklTRkFnTWFoQUtEbU55ZVhCMGIyNWxkM011WTI5dEtBQVAB?ceid=US:en&#038;oc=3\" target=\"_blank\"><\/p>\n<p>                            <svg width=\"20\" height=\"16\" viewBox=\"0 0 20 16\" fill=\"none\">\n                            <path d=\"M19.6 5.36C19.6 5.48 19.6 5.66 19.54 5.78L17.2 12.8V5.6C17.2 4.94 16.66 4.4 16 4.4H12.82L12.52 3.8L11.86 2.36L15.34 3.32L18.58 4.16C19.18 4.28 19.6 4.82 19.6 5.36Z\" fill=\"#FF4131\" \/>\n                            <path d=\"M15.4 0.799997V3.26L11.92 2.3L11.74 1.88C11.44 1.28 10.72 0.979997 10.12 1.22L4.59998 3.38V0.799997C4.59998 0.499997 4.89998 0.199997 5.19998 0.199997H14.8C15.1 0.199997 15.4 0.499997 15.4 0.799997Z\" fill=\"#03A846\" \/>\n                            <path d=\"M12.82 4.4H4.00002C3.34002 4.4 2.80002 4.94 2.80002 5.6V11.42L0.520024 6.5C0.460024 6.26 0.400024 6.08 0.400024 5.9V5.84C0.400024 5.3 0.700024 4.82 1.24002 4.64L4.60002 3.32L10.06 1.22C10.72 0.979997 11.44 1.28 11.68 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He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24\/7 Wall St. He has&#8230; Last updated:\u00a0 December 22, 2025 Binance<\/p>\n","protected":false},"author":1,"featured_media":879842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22426,967],"tags":[],"class_list":{"0":"post-879841","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-binance","8":"category-hundreds"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/879841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=879841"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/879841\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/879842"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=879841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=879841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=879841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}