US DOJ probes whether Iran used Binance to evade sanctions: WSJ
The US DOJ is reportedly investigating if Iran used Binance to move over $1 billion to fund militant groups, evading American sanctions.Summary
The U.S. Justice Department is reportedly investigating allegations that Iran utilized the cryptocurrency exchange Binance to circumvent American sanctions, specifically focusing on over $1 billion allegedly channeled through the platform to a network supporting Iran-backed militant groups, such as Yemen's Houthi militants. This inquiry follows the dismantling of an internal investigation at Binance that had examined these fund flows. This scrutiny adds to ongoing pressure on the exchange regarding its potential exposure to Iranian-linked crypto activity, despite Binance recently pushing back against other claims of sanctions violations and having a separate terrorism financing lawsuit dismissed. Analysts note that Iran is increasingly using digital assets to navigate financial restrictions, with recent data showing sharp rises in crypto outflows during periods of regional conflict.
(Source：The Block)