Binance Faces Renewed US Scrutiny Amid Reported Iran-Linked Flows
US lawmakers urged an investigation into Binance over alleged $1.7 billion in transfers to Iran-linked entities.Summary
Eleven US lawmakers, led by Senators Chris Van Hollen and Elizabeth Warren, sent a letter to Treasury Secretary Scott Bessent and Attorney General Pam Bondi, demanding a formal probe into Binance concerning allegations of significant illicit finance flows, specifically around $1.7 billion transferred to entities linked to Iran-backed Houthis and the Islamic Revolutionary Guard Corps.
The senators expressed grave concerns that poor anti-illicit finance controls at Binance pose a national security threat, potentially compromising the exchange's 2023 settlement with US authorities, which included a $4.3 billion fine and mandated independent compliance monitoring. They also cited Binance's payment card launch in former Soviet Union regions as evidence of a broader pattern of risky behavior.
Binance strongly refuted these claims, asserting its compliance program is effective and has led to a sharp 96.8% drop in sanctions-related exposure between January 2024 and July 2025. The exchange stated that in the cited incidents, it acted proactively to mitigate risks and coordinate with law enforcement, concluding that any assertion that its compliance program failed is "simply wrong."
(Source：BeInCrypto)