Coin

<ul class="wp-block-list news-points"> 
 <li>Binance faces a fresh suit in a federal court for alleged money laundering.</li> 
 <li>The plaintiff claims Binance facilitated the laundering of stolen cryptocurrency funds.</li> 
 <li>Attorney Bill Hughes believes the suit aims to benefit from the earlier enforcement actions against Binance.</li> 
</ul> 
Binance exchange and its former CEO, Changpeng CZ Zhao, are facing a new lawsuit filed in federal court last Friday in Seattle. The lawsuit accuses Binance of facilitating money laundering that allegedly harmed U.S. consumers. 
The plaintiffs, represented by a group of well-known class action lawyers, allege that Binance played a central role in laundering cryptocurrency stolen in various hacks and thefts.&nbsp; 
According to the lawsuit, these stolen funds were funneled through Binance, a process the company allegedly encouraged as part of its lucrative business model. The plaintiffs argue that this constituted illegal racketeering, violating the RICO statute, and claimed they suffered significant financial harm. 
Bill Hughes, legal counsel for Consensys, <a href="https://x.com/BillHughesDC/status/1825899465837834373" target="_blank" rel="nofollow">noted</a> that this latest civil lawsuit is anticipated, as attorneys aim to benefit from the legal action taken against Binance by U.S. author…
The post <a href="https://coinedition.com/binance-cz-face-lawsuit-over-money-laundering-allegations-in-seattle-court/">Binance, CZ Face Lawsuit Over Money Laundering Allegations in Seattle Court&nbsp;</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Binance, CZ Face Lawsuit Over Money Laundering Allegations in Seattle Court

Coin Edition

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