FT Investigation Reveals Binance's Inability to Halt Suspicious Crypto Transactions Despite Warning Signs

Written by Emily J. Thompson, Senior Investment Analyst

Source: SeekingAlpha

Updated: Dec 22 2025

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Source: SeekingAlpha

Binance's Compliance Issues: Despite a $4.3 billion settlement with U.S. authorities in 2023, Binance has been reported to have failed in preventing hundreds of millions of dollars from moving through suspicious accounts linked to potential terror financing.
Internal Investigations: An investigation by the Financial Times revealed that Binance continued to allow trading on accounts flagged for suspicious activity, including large transactions and unusual login patterns across different countries.
Company's Stance: Binance maintains that it has strict compliance controls and a zero-tolerance policy towards illicit activities, claiming to have systems in place to identify and investigate suspicious transactions.
Legal Developments: In October, former President Donald Trump pardoned Binance's founder, Changpeng Zhao, after he faced charges from the Biden administration regarding inadequate measures against money laundering on the platform.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.