iBNB

<ul><li>Binance faces a new class action, accused of aiding in money laundering, with potential RICO statute violations.</li><li>The lawsuit claims Binance&#39;s actions blocked stolen crypto recovery, challenging blockchain transparency claims.</li><li>Zhao&#39;s legal woes deepen as Binance faces new allegations, with previous fines and imprisonment intensifying scrutiny.</li></ul><a href="https://cryptotale.org/binance-us-braces-for-extended-legal-battle-with-sec-report/" rel="noopener noreferrer nofollow">Binance </a>and its former CEO, Changpeng Zhao, are facing a new class action lawsuit as highlighted by Bill Hughes, lawyer at Consensys. Filed last Friday in a federal court in Seattle, the lawsuit accused Binance of being a key player in an alleged money laundering scheme that caused significant financial harm to U.S. consumers.The plaintiffs claim that their cryptocurrencies were stolen in various hacks and thefts and later laundered through Binance, with the exchange&#39;s full knowledge and involvement. This lawsuit follows earlier government prosecutions and enforcement actions against Binance, making it a natural progression in the legal battles surrounding the exchange.The lawsuit, led by a team of highly experienced class action attorneys, alleged that Binance&#39;s business model was not only aware of but actively encouraged illegal activities, including money laundering.The plaintiffs argue that Binance&#39;s role in facilitating these transactions constitutes illegal racketeering under the RICO statute, which could lead to triple damages if proven. This is a serious allegation, as the RICO statute is typically used to combat organized crime, and its application in a cryptocurrency context could set a significant legal precedent.<a href="https://cryptotale.org/binance-faces-new-lawsuit-over-money-laundering-allegations/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Binance Faces New Lawsuit Over Money Laundering Allegations

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