French prosecutors have opened an investigation into "aggravated money-laundering" by Binance, as well as unauthorized exchange. The company's Paris office was visited by French police shortly after, according to Le Monde. Just days before the raid, Binance France's president, David Prinçay, had dismissed concerns about U.S. regulatory charges against the company, arguing that Binance's assets were separated from Binance US. However, the SEC, which last week charged Binance with 13 securities charges, has argued that Binance user funds are at risk of flight due to the interlocking ownership of Binance-related companies.

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