Binance France's president David Princay dismissed U.S. regulatory action just days before French prosecutors accused the exchange of money laundering.
Paris office, the crypto exchange's top French executive dismissed concerns about U.S. regulatory charges impacting Binance's other operations, comparing them to the flapping of a butterfly's wings.
Just days before the raid, CNBC asked Binance France president David Prinçay if he was concerned about charges from the top two U.S. financial regulators against the exchange. Prinçay insisted that Binance.US assets were separated from the international exchange, an assertion also made by the exchange's legal team. Thedisagrees, arguing that Binance user funds are at "significant risk" of flight due to founder Changpeng Zhao's alleged ownership of an interlocking set of Binance-related companies."The only concerns I have right now is that we look too much at the car crash and not to drive," Prinçay said.
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