Breaking: French Investigators Launch Judicial Probe Into Charges Against Binance
Highlights
- French investigators have launched a judicial probe into charges against the crypto exchange Binance.
- These charges include money laundering, tax fraud, drug trafficking, among other ones.
- Binance has yet to release a statement regarding this development.
Crypto exchange Binance is at the center of an investigation following reports that French investigators have launched a judicial probe into charges against the exchange. This continues the long-running saga between the crypto exchange and the French government following reports of a preliminary investigation by the authorities.
French Investigators Launch Judicial Probe Into Charges Against Binance
According to a Reuters report, French investigators announced today that they have opened a judicial probe into charges against Binance. These include money laundering, tax fraud, drug trafficking, and other charges against the top crypto exchange.
This continues a saga that dates back to 2023, when the French authorities first announced an investigation into Binance for providing illegal crypto services to locals and failing to implement a proper anti-money laundering framework. After facing significant regulatory pressure, the crypto exchange eventually had to exit the French market last year.
Binance also faced similar charges in the US when prosecutors accused the exchange and its then CEO, Changpeng “CZ” Zhao, of violating anti-money laundering and sanctions laws.
Binance has yet to release a statement regarding the latest move of French investigators into money laundering and other charges leveled against the crypto exchange.
Meanwhile, the Binance Coin (BNB) remained unchanged following news of this judicial price, trading at around $670 at the time of writing. Per a CoinGape market analysis, the coin had tested a crucial support at $661. Now, the crypto is eyeing a potential rally to $1,147 based on a cup-and-handle pattern, which signals bullish momentum.
- Crypto Market Tumbles as Jerome Powell Says December Rate Cut ‘Far From Certain’
- FOMC Meeting: Federal Reserve Lowers Interest Rates by 25 Bps in Second Cut of the Year
- WLF Token Jumps 7% as Former Robinhood Counsel Joins Trump-Backed World Liberty Financial
- Changpeng Zhao “CZ” Warns Investors “Don’t Buy” Golden Statue Meme Coin After 27,000% Surge
- Markets Expect October Fed Rate Cut as Bitcoin Repeats Post-FOMC Pattern
- Ethereum Price Flips BTC in Strategy Shift, Eyes $4500 Level
- Expert Predicts XRP Price to Hit $10 as Elliot Wave, XRPR ETF Inflows Align
- HYPE Price Prediction as 21Shares Files S-1 for Hyperliquid ETF—Can Bulls Push HYPE to $60?
- Bitcoin Price Rally Bound? How the Fed’s Move May Unleash Crypto
- Can ASTER Price Rebound 50% as Whale Activity and Bullish Pattern Align?
- Pi Network Patterns Point to More Gains Despite Manipulation Claims
MEXC