Binance Let Suspicious Accounts Move Millions After $4.3b Us Plea...

Binance let a network of 13 high‑risk accounts move $1.7 billion in crypto, including $144 million, after its 2023 US plea deal, according to the Financial Times.

Binance reportedly continued to allow suspicious accounts to move funds in crypto even after the exchange pledged to tighten controls as part of its $4.3 billion US criminal settlement in 2023.

According to internal data reviewed by the Financial Times, a network of 13 user accounts processed about $1.7 billion in transactions from 2021, including roughly $144 million after the November 2023 plea agreement.

​The files reportedly include Know-Your-Customer (KYC) documents, IP and device logs, and transaction histories for users in countries including Venezuela, Brazil, Syria, Niger and China.

Regulatory and AML specialists cited by the Financial Times said that the findings raise fresh questions about how effectively Binance has implemented the governance and surveillance upgrades promised US authorities after the settlement.

Binance did not provide a comment to Cointelegraph by press time.

Related: Binance alleges fake listing agents, offers up to $5M whistleblower reward

In one case, a Binance account linked to a 25-year-old Venezuelan woman received more than $177 million over two years and changed its linked bank details 647 times in 14 months.

Former prosecutors told the Financial Times that such activity would normally be treated as highly suspicious and potentially consistent with an unregistered money-transmitting business.

​Another account, held by a junior bank employee living in a poor district of Caracas, saw about $93 million flow in and out between 2022 and May 2025. Internal logs showed the account was accessed from Caracas one afternoon and from Osaka, Japan, less than 10 hours later, a sequence experts told the FT was physically impossible and the type of anomaly that should automatically trigger review at a regulated institution.

Source: CoinTelegraph