US Prosecutors Investigate Binance Over Potential Iran-Related Sanctions Violations

Federal prosecutors in Manhattan are investigating whether Binance allowed trades linked to Iran, potentially violating US sanctions. While no charges have been filed, the probe examines the effectiveness of the exchange's compliance measures following its November 2023 guilty plea and $4.3 billion settlement. A Binance spokesperson stated that the company maintains a zero-tolerance policy for sanctions violations and is cooperating with authorities. The investigation follows a recent civil forfeiture complaint involving crypto assets allegedly generated by Iranian oil sales.