Binance Slams US Senate Probe over Iran as Based on Defamatory Reports
Binance denied facilitating transactions to Iran and called a US Senate inquiry based on defamatory and unsupported reports.Summary
Cryptocurrency exchange Binance formally responded to a February inquiry from 11 US senators, asserting that the investigation into its activities regarding Iran was based on reports that were "demonstrably false, unsupported by credible evidence, and defamatory." Binance stated that to its knowledge, no account directly transacted with an Iran-based entity, referencing media reports alleging over $1 billion in crypto transactions to Iran-connected entities like Hexa Whale and Blessed Trust. Regarding claims that employees who raised concerns were fired, Binance clarified that some resigned, while one was terminated for violating user privacy by sharing internal information externally. This response follows Binance's 2023 settlement with US authorities for $4.3 billion over sanctions and AML violations, and comes amid scrutiny over former CEO Changpeng "CZ" Zhao's potential return following a pardon by former President Donald Trump.
(Source：Cointelegraph)