Binance said to be facing U.S. DOJ investigation into alleged Iranian sanctions activity
Summary
U.S. federal prosecutors are investigating whether Binance knowingly allowed trading that violated sanctions on Iran, Bloomberg reported, citing people familiar with the matter. The Manhattan U.S. attorney’s office is leading the probe with support from the Justice Department’s criminal division. Binance said it has zero tolerance for sanctions violations and cooperates with law enforcement. The exchange previously pleaded guilty to banking compliance violations in 2023 and agreed to pay $4.3 billion in fines. The investigation follows earlier reports of alleged Iran-related activity and a Senate probe into claims that $1.7 billion in transactions involved sanctions violations, which Binance said were unsupported by evidence.
