Binance faces second probe over Iran-linked transactions

US authorities, including the Manhattan US attorney’s office and the Department of Justice, are investigating whether Binance knowingly facilitated trades linked to Iran in violation of US sanctions. This follows reports that Chinese firms used the exchange to bypass sanctions related to Iranian oil sales. Binance maintains that it does not tolerate sanctions violations and is cooperating with law enforcement. The US government recently seized $61 million in USDT allegedly tied to Iranian oil trading profits.