DOJ Investigates Iran’s Use of Binance to Evade US sanctions: WSJ
The DOJ is investigating potential sanctions evasion by Iran using Binance, despite the exchange's previous denials.Summary
The U.S. Department of Justice is investigating Iran’s alleged use of Binance to evade U.S. sanctions. The investigation centers on whether Iran utilized Binance to route funds to groups linked to Iran, including the Houthi militants in Yemen. It remains unclear if the DOJ is investigating Binance itself, its users, or both, but officials are seeking interviews and evidence. This probe follows reports that Binance previously suppressed an internal investigation into $1 billion in transactions connected to Iranian proxy groups. Binance has previously denied any wrongdoing and faced a $4.3 billion fine in 2023 for violating anti-money-laundering and sanctions laws, with former CEO Changpeng Zhao also facing charges and a brief jail sentence.
(Source：Cointelegraph)