Binance Allegedly Facilitated Over One Billion Dollars in Iranian Transactions

Cryptocurrency exchange Binance is once again suspected of violating international sanctions. According to a report by U.S. magazine Fortune, internal investigators allegedly found evidence that between March 2024 and August 2025, Iranian actors processed transactions worth over one billion U.S. dollars through the platform. The money transfers were allegedly carried out in the form of the stablecoin Tether (USDT) on the Tron blockchain ^[1].

Particularly significant: The alleged violations are said to have occurred during ongoing government monitoring, which Binance subjected itself to following a settlement in 2023. At that time, the company pleaded guilty to violating anti-money laundering and sanctions laws and paid a $4.3 billion fine. Founder Changpeng Zhao stepped down as CEO and served a four-month prison sentence ^[1].

Following the submission of internal reports regarding the new allegations, at least five compliance investigators were reportedly dismissed starting in late 2025, including several executives with experience at international law enforcement agencies. Binance denies the accusations and assures that it complies with all applicable sanctions laws ^[1].