Binance Allowed Suspicious Accounts to Move $144 Million After 2023 U.S. Settlement: Report - Unchained

2025-12-23 10:50:43

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Crypto exchange Binance allegedly allowed hundreds of millions of dollars in crypto to move through “suspicious” accounts even after its $4.3 billion U.S. criminal settlement and plea deal in November 2023.

A Financial Times investigation, based on leaked internal Binance data covering 13 high‑risk user accounts, found about $1.7 billion in total transactions between 2021 and 2025 through these accounts.

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One specific example involves a resident of a Venezuelan slum who reportedly processed about $93 million, with some flows linked by U.S. authorities to networks moving money for Iran and Hezbollah.

Another user reportedly changed attached bank details 647 times in 14 months, using 496 different bank accounts to move funds into institutions across the Americas.

The report notes that at least $144 million worth of funds moved through accounts of this nature after Binance’s plea deal with U.S. authorities, where the exchange committed to “real‑time transaction monitoring” and enhanced due diligence reviews.

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