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But Binance ran into its own troubles when, following years of criticism over its security and privacy practices, the company in 2023 was charged with money laundering and sanctions evasion. Among other accusations, the US government charged that the company had helped users evade sanctions against Russia, Iran, and Cuba {TH: And Hamas}. A Reuters report found that Korean hacking groups, investment frauds, and drug networks all had used the exchange to move money.
