Binance Faces DOJ Probe Over Alleged Iran Trading on Platform
US federal prosecutors are investigating Binance for allegedly allowing Iran-related trading on its platform.
The inquiry, which began in 2023 and continues to present day, is focusing on whether Binance knowingly facilitated this activity.
Binance's compliance with sanctions has come under scrutiny as the US intensifies pressure on Iran, including in the crypto sector.
The investigation raises concerns about regulatory and legal risks for Binance and other cryptocurrency exchanges (CEXs).