in the recent news, "French investigators open fraud probe against crypto platform Binance"..
https://www.reuters.com/technology/french-investigators-open-money-laundering-probe-against-crypto-platform-binance-2025-01-28/So this will be the period that they will be investigating,
The investigation is examining the period from 2019 to 2024, involving offences committed in France but also in all European Union countries, JUNALCO said.
For sure, there will be a lot of violations found, and I’m pretty sure the French government is just trying to follow what the U.S. did in investigating Binance.
No jail time here for sure as Binance has more than enough resources to handle this. So most likely, we’re looking at another billion-dollar settlement, maybe even more.
Maybe each countries want to get their own shared and got amazed on how much money settlement gotten by US to them. For context people could read this here
If they can sue Binance to and force them to pay huge amount then this is beneficial to them. To bad that Binance experiencing this situation and I guess this might be the reason of their Bankruptcy.
Don't know how long they can get over with those cases they get and hopefully we will not see Binance will collapsed due to this situation.