BINANCE LET $1.7B FLOW THROUGH TERROR-LINKED ACCOUNTS

Summary from the TLDR Crypto newsletter

Binance processed $1.7 billion through suspicious accounts, including $144 million after its November 2023 $4.3 billion settlement, with 13 flagged accounts receiving $29 million from wallets later frozen by Israel and sanctioned by the US for Hizbollah and Iran connections. One Venezuelan account moved $93 million from terror-linked networks while another changed bank details 647 times in 14 months across 496 unique accounts, with physically impossible login patterns going undetected despite two independent monitors appointed in May 2024. Trump's October pardon of Binance founder Changpeng Zhao loosened the compliance environment, as the Trump family expanded business ties through World Liberty Financial's massive USD1 stablecoin rollout on Binance.