Paxos Settles with NYDFS for $48M Over Binance and AML Violations

Regulators say Paxos failed to monitor Binance effectively, allowing $1. 6B in criminal-linked transactions to pass through the platform. source: https://cryptopotato.com/paxos-settles-with-nydfs-for-48m-over-binance-and-aml-violations/