DOJ Investigating if Iran Used Binance to Evade Sanctions: WSJ
The U.S. Justice Department is reportedly investigating whether Binance was used by Iran to evade sanctions, with more than $1 billion allegedly moving through the exchange to Iran-backed groups. Officials are seeking evidence and interviews, but it is unclear if the investigation specifically targets Binance or its users. Binance asserts that it did not knowingly transact with sanctioned entities and only identified Iranian links after cooperating with law enforcement. The company claims to have implemented comprehensive compliance measures, freezing hundreds of millions tied to illicit activity and significantly reducing exposure to sanctioned entities. In response to media reports and a Senate inquiry, Binance has denied wrongdoing and filed a lawsuit against the Wall Street Journal for allegedly false reporting, citing reputational and business harm.
