Binance’s rise to the pinnacle of global cryptocurrency exchanges has been wrought with legal challenges, multibillion-dollar fines and the arrest of its co-founder. Just when it appeared that the dust was settling,

France has launched an investigation into Binance for serious allegations, including aggravated money laundering, tax fraud and drug trafficking. The investigation covers Binance’s activities from

France opens a judicial probe into Binance, alleging money laundering and tax fraud from 2019 to 2024, amid global scrutiny of the cryptocurrency giant.

French authorities have launched a judicial probe into Binance over alleged money laundering, tax fraud, and illegal operations from 2019 to 2024.

The world's largest crypto exchange by trading volume is facing a new investigation into what the company calls "old" allegations in France.

French investigators said on Tuesday they had opened a judicial probe into money laundering, tax fraud and other charges at Binance, the world's largest cryptocurrency exchange, which said it denied the allegations.

Despite obtaining regulatory approval in 2022, Binance now faces intensified scrutiny as authorities probe past financial transactions and market practices.

The investigation is focused on alleged offenses committed in both France and the broader European Union from 2019 to 2024.

French authorities are investigating Binance for money laundering and other crimes; the crypto exchange denies the allegations.

Binance is reportedly under tax fraud and money laundering probe in France. Reuters reported on Jan. 28 that France’s prosecutors are investigating Binance over activities between 2019 and 2024. France has launched a judicial investigation into allegations of tax fraud,