In 2019, Binance internal chat logs show they were aiding HAMAS to launder money through the exchange.

According to binance internal chat logs, they were aiding and had knowledge of Hamas, a terrorist organization, laundering money through the binance exchange. Instead of reporting it to the authorities or blocking the accounts, they said that Hamas can bareky buy an AK47 with $600. They said this even though they knew that criminals launder in small amounts to avoid detection even though in total the sum of it would equal to big amounts of money laundered.

The internal chat logs also show that binance employees were saying and I quote “I HAZ NO CONFIDENCE IN OUR GEOFENCING”.

We don’t know if they have continued laundering money through binance or not. Based on the past actions of binance, and them doing nothing about the laundering, there is a high possibility that money is still being laundered through binance currently.

Source – https://imgur.com/a/PlCMaJO