According to US media reports, pressure on the crypto sector in the US has eased, and lawmakers are taking a constructive approach to adopting new industry-friendly regulations.
However, Financial Times journalists conducted an investigation, as a result of which they wrote that Binance facilitated the transfer of hundreds of millions of dollars through suspicious accounts after the company paid a $4,3 billion fine in 2023 and promised to strengthen compliance controls.
Suspicious accounts, according to data Financial Times, linked to terrorist financing networks and accounts that have not undergone full KYC procedures.
One of the accounts belonged to a resident of a Venezuelan slum who transferred through Binance $93 million in cryptocurrency from 2021 to 2025. Some of these funds are attributed to transfers to Iranian and Lebanese Hezbollah.
One account, registered to a 25-year-old Venezuelan woman, received more than $177 million in cryptocurrency over two years, and the bank details for payments changed 647 times in 14 months.
«This could be classified as something suspicious,» commented former federal prosecutor Stefan Cassella. «It appears that someone is operating as a money transfer company.»
Representative of the Binance told the Financial Times that the company «maintains strict compliance controls and has a zero-tolerance policy for illegal activity,» with «robust systems in place to identify and investigate suspicious transactions.»