Allan Endresz, the founder of digital currency Zucoins, has voiced his criticism against a former U.S. Securities and Exchange Commission (SEC) regulator's statements on platform X. The regulator had implied that the compliance violations admitted to by crypto exchange Binance and its ex-CEO were unique to the cryptocurrency industry. In retort, Endresz highlighted that traditional banks have often been used as conduits for illicit activities such as money laundering.
The French Web3 Ecosystem - Axeleo Capital
What's good for bitcoin might not necessarily be good for Coinbase, analysts say
En France, les comptes courants se sont vidés de 160 milliards d’euros depuis le début de l’année
Démantèlement par les États-Unis du réseau de cyberpiratage Qakbot
La "renta universal" de Sam Altman: se desploma el precio de Worldcoin y un exempleado amenaza con revelar secretos
Genesis Creditors Forge New Chapter 11 Deal With Parent Digital Currency Group
Worldcoin came into Kenya disguised as a research project, Parliament told
Bitcoin rallies more than 7% as court sides with Grayscale over the SEC in crypto ETF case
Small startups unlikely to win crypto exchange operator licenses
Court sides with Grayscale over SEC in spot bitcoin ETF lawsuit: CNBC Crypto World
La culture financière progresse lentement en France
La Bourse face à une montée des périls
Le CAC 40 dépasse la Bourse de Londres pour la première fois en 20 ans
Why France Is Emerging as a European Crypto Hub
Crypto is the future of France, survey confirms
Société Générale subsidiary becomes the first fully-licensed crypto provider in France
Sorare Carves Out Unique Entry Method for France Due to NFT Regulations
Fleeing U.S. Crypto Firms ‘Welcome,’ French Regulator Says

Endresz expressed his confusion in a series of statements: "I’m a bit confused. Is your post about Binance or a historical account of HSBC and JP Morgan? Sorry. It must be about Binance, as no banking officers ever went to jail for their crimes over the last 50 years."
On November 21, Binance reached an agreement with the U.S. government, consenting to pay $4.3 billion in penalties to resolve past compliance issues, according to an official press release. As part of this resolution, Changpeng Zhao (CZ), the company’s CEO, agreed to resign from his position and pleaded guilty to failing to maintain an effective anti-money laundering (AML) program - a violation of the Bank Secrecy Act.
John Reed Stark, former chief of the SEC Office of Internet Enforcement, opined on X that by emphasizing that neither Binance nor CZ misused any customer funds, the crypto industry is attempting to downplay the severity of these violations. Stark stated that by not maintaining adequate AML safeguards, Binance "facilitated and enabled" activities such as terror financing and scams.
In 2012, it was announced by the U.S. Department of Justice that HSBC had agreed to forfeit $1.256 billion and pay an additional $665 million in penalties for not maintaining adequate AML protections. This negligence led to Mexican drug cartels using HSBC to launder their money, according to a press release. "HSBC’s blatant failure to implement proper anti-money laundering controls facilitated the laundering of at least $881 million in drug proceeds through the U.S. financial system," stated Loretta Lynch, U.S. attorney for the Eastern District of New York, at that time.
JPMorgan Chase recently agreed to pay a $290 million class-action settlement to Jeffrey Epstein accusers after facing allegations that the bank ignored Epstein’s involvement in sex trafficking, as reported by Reuters.
In a blog post dated November 21 about its settlement, Binance acknowledged the company’s responsibility for historical compliance violations and expressed its intention to move forward from this "challenging" chapter.
Endresz is not only the founder of Zucoins but also has over 30 years of experience in the finance and technology industries. Zucoins is the native token on the SplitChain network, as per information available on the company's website.
Organizations Included in this History

More News
The Australian Securities and Investments Commission (ASIC) has issued a warning to investors regarding unlicensed crypto asset futures products offered by Bitget, as said in a public announcement.
Binance has announced an expansion of its institutional off-exchange settlement services, introducing support for two tokenized real-world assets, USYC and cUSDO, which can now be pledged as collateral.
Vitalik Buterin, co-founder of Ethereum, has said that approximately half of the network's stake supports an increase in the Ethereum Layer 1 (L1) gas limit.
Michael Saylor, executive chairman of Strategy, formerly known as MicroStrategy, announced on X that the company’s bitcoin holdings increased by 6,220 BTC, resulting in a year-to-date yield of 20.8 percent for 2025.
Changpeng Zhao, founder of Binance, indicated that interest in altcoins might be on the rise as CoinMarketCap's Alt Season Index shows an upward trend.
Charlie Bilello, chief market strategist of Creative Planning, said that gold and bitcoin lead all major asset classes in performance for 2025, marking a unique occurrence.