Binance Faces Scrutiny After Data Leak

• Confirmed: Binance agreed to a $4.3 billion criminal settlement with U.S. authorities in 2023.
• Confirmed: The settlement imposed enhanced compliance, monitoring, and reporting requirements on the exchange.
• Confirmed: In May 2023, Israeli authorities froze multiple accounts that had received funds from wallets allegedly linked to terror financing.

• Alleged: Leaked internal data indicates that certain accounts flagged as high-risk may have continued processing hundreds of millions of dollars in transactions after the 2023 settlement.
• Alleged: One account reportedly linked to a 25-year-old Venezuelan woman received more than $177 million in crypto, exhibiting transaction patterns described as highly irregular.
• Alleged: Login metadata associated with one account suggests “impossible travel,” with access records alternating between Caracas and Osaka within timeframes inconsistent with physical travel.

At this stage, the authenticity and scope of the leaked materials have not been independently verified. Binance has not publicly confirmed the data or responded in detail to the specific allegations.

Investigators are expected to examine whether the reported activity, if accurate, represents isolated compliance failures or systemic weaknesses in post-settlement monitoring. Any findings could influence how regulators enforce ongoing oversight obligations across the crypto exchange sector.

Readers should watch for official statements from Binance and updates from regulatory agencies as the investigation develops.