Binance Faces Fresh DOJ Probe Over Possible Iran Sanctions Violations

A US Justice Department (DOJ) probe is underway to investigate Binance for potential sanctions violations related to Iran.

The investigation, led by the Southern District of New York's US Attorney's Office and involving the DOJ Criminal Division, focuses on whether Binance knowingly allowed trading that may have breached US sanctions on Iran.

Binance has stated it maintains 'zero tolerance' for sanctions violations and continues to cooperate with law enforcement. The exchange also claims to work diligently in identifying and shutting down bad actors using its platform.