Binance Faces DOJ Probe Over Alleged Iran Trading

US federal prosecutors are investigating Binance over allegations that it knowingly allowed trading related to Iran on its platform.

The investigation, led by the Manhattan U.S. Attorney's Office and the Criminal Division of the Department of Justice, is looking into whether Binance processed trades from Iran that are banned under current regulations.

Binance has a 'zero-tolerance approach to sanctions violations' and claims it always cooperates with law enforcement agencies, but the investigation could have significant implications for the company's market share and reputation.