Overview
- Internal files reviewed by the Financial Times detail 13 Binance accounts that handled about $1.7 billion since 2021, with roughly $144 million transacted after the November 2023 settlement.
- Several of the flagged accounts received USDT from wallets later frozen by Israeli authorities and linked to Syrian national Tawfiq Al‑Law, whom U.S. and Israeli officials accuse of moving funds for Hezbollah and the Houthis.
- Account anomalies cited include 647 bank‑detail changes in 14 months on one profile that received over $177 million and logins that appeared physically impossible on another that moved about $93 million.
- Many of the transactions occurred after independent monitors were appointed in May 2024 to oversee Binance’s remediation under its five‑year FinCEN monitorship.
- Binance says it maintains strict controls and a zero‑tolerance approach to illicit activity, while the revelations come as scrutiny intensifies following President Trump’s October pardon of founder Changpeng Zhao and expanded ties with World Liberty Financial.