French prosecutors have widened their probe into Binance for allegations involving money laundering, tax fraud, and other offenses spanning from 2019 to 2024, as reported by Reuters. The Paris Public Prosecutor's Office, Junalco, is investigating purported misconduct in France and the European Union.
Binance has refuted the accusations and declared its intention to vehemently contest any charges brought against the company. In a separate case, Binance's founder, Changpeng Zhao, was sentenced to four months in a U.S. prison for violating anti-money laundering laws and agreed to pay $4.3 billion in penalties.