DOJ Investigates Binance Over Potential Iran Sanctions Violations

The U.S. Department of Justice (DOJ) is investigating whether Binance knowingly allowed transactions linked to Iran in violation of U.S. sanctions. This follows a separate civil complaint filed on September 15 regarding the seizure of $61 million in cryptocurrency tied to illicit Iranian oil sales involving two Chinese companies that utilized the exchange. Binance stated it maintains a zero-tolerance policy toward sanctions violations and is cooperating with authorities.