tldr; Binance reportedly allowed suspicious accounts to move funds even after its $4.3 billion US criminal settlement in 2023, which included pledges to tighten controls. Internal data revealed 13 accounts processed $1.7 billion in transactions, including $144 million post-settlement, raising concerns about Binance's governance and surveillance upgrades. Some accounts displayed red flags, such as frequent bank detail changes and impossible location shifts, prompting questions about compliance with anti-money laundering measures.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
But they will demand your entire sequenced DNA to let go of your $200.
Rules for thee but not for me.
tldr; Binance reportedly allowed suspicious accounts to move funds even after its $4.3 billion US criminal settlement in 2023, which included pledges to tighten controls. Internal data revealed 13 accounts processed $1.7 billion in transactions, including $144 million post-settlement, raising concerns about Binance's governance and surveillance upgrades. Some accounts displayed red flags, such as frequent bank detail changes and impossible location shifts, prompting questions about compliance with anti-money laundering measures.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
it's the wild west out there
Business as usual I guess