Is Binance in Violation of Iran Sanctions? U.S. Department of Justice Launches Investigation

Odaily News: According to people familiar with the matter, U.S. federal prosecutors are investigating whether Binance Holdings Ltd. violated U.S. sanctions against Iran by failing to prevent certain transactions on its platform. The investigation is being handled by the U.S. Attorney's Office for the Southern District of New York, with the Criminal Division of the U.S. Department of Justice in Washington also involved. Authorities are focusing on whether Binance knowingly allowed the relevant transactions to proceed.