Binance is guilty. The world’s largest crypto exchange admitted to a range of violations in a massive US court action, including unlicensed money transmitting, sanctions violations and anti-money laundering (AML) violations. Its founder, Changpeng Zhao, near-universally known as CZ, personally pled guilty to his failure to maintain money-laundering controls.
The failures “allowed money to flow to terrorists, cybercriminals, and child abusers through its platform”, the US secretary of the treasury, Janet Yellen, said. From our story:
