US DOJ probes Iran’s use of Binance for sanctions evasion, reopening old wounds for the exchange
The US Department of Justice is investigating whether Iran used Binance to evade sanctions, focusing on over $1 billion in transactions linked to Iran-affiliated groups. Binance, which previously paid a $4.3 billion fine for anti-money laundering violations, is facing renewed scrutiny as it dismantled parts of its internal compliance team. The exchange disputes the investigation's findings, claiming only $24 million was directed to sanctioned entities.
- ▪The DOJ investigation began on March 11, 2026, following concerns raised by Binance's internal compliance team.
- ▪Binance has been accused of allowing over $1 billion to flow through its platform to support Iran-affiliated groups.
- ▪The exchange has filed a defamation lawsuit against The Wall Street Journal in response to its reporting on the probe.
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US DOJ probes Iran’s use of Binance for sanctions evasion, reopening old wounds for the exchange Federal investigators are examining whether over $1 billion flowed through Binance to entities supporting Iran-affiliated groups, piling new legal pressure onto an exchange already serving a $4.3 billion penance. Share Add us on Google by Editorial Team May. 22, 2026 (function () { var s = document.currentScript; var wrapper = s && s.closest ? s.closest('.cb-sevioads-inarticle') : null; var inMobile = wrapper && wrapper.closest('#mobile-articles'); var inDesktop = wrapper && wrapper.closest('#desktop-articles'); if (inMobile || inDesktop) { var isDesktopVp = window.matchMedia('(min-width: 768px)').matches; var matches = (inMobile && !isDesktopVp) || (inDesktop && isDesktopVp); if (!matches) {…
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