French authorities have launched a judicial investigation into cryptocurrency exchange Binance over alleged money laundering, tax fraud, and unauthorized operations. The Paris public prosecutor’s office stated that the probe, covering 2019 to 2024, includes suspected money laundering linked to drug trafficking across the EU. Complaints from users who claimed financial losses and misleading information triggered the French investigation. Binance denies the accusations. Meanwhile, U.S. prosecutors previously found Binance guilty of violating anti-money laundering laws, stating it failed to report over 100,000 suspicious transactions tied to terrorist groups. Founder Changpeng Zhao (CZ) was sentenced to fou