US prosecutors investigate Binance over Iran sanctions compliance

US federal prosecutors are investigating whether Binance failed to prevent transactions linked to Iran, potentially violating US sanctions. The investigation, led by the Manhattan US Attorney's Office with involvement from the Department of Justice (DOJ), focuses on whether the exchange knowingly allowed such transactions. Binance stated it maintains a zero-tolerance policy regarding sanctions violations and is cooperating with law enforcement. This follows a separate civil forfeiture case filed by the DOJ on September 14 regarding $61 million in assets allegedly linked to Iranian oil sales, though that case did not charge Binance with wrongdoing. BNB market performance remained stable following the report.