WSJ: Iranian regime-linked funds transferred over $850 million via Binance in the past two years

According to Odaily, against the backdrop of rising tensions between Iran and the United States, financing networks linked to the Iranian regime have used Binance to establish a secret payment system to continue funneling funds to military forces.

The report states that the network was operated by Iranian businessman Babak Zanjani, who describes himself as a "sanctions-busting" operator. Internal Binance compliance reports show that as of December last year, the network had processed approximately $850 million in transactions through Binance over the past two years, with the majority of transactions concentrated in a single account. (WSJ)