Binance Faces US Probe Over Alleged Iran-Linked Trades

US federal prosecutors are investigating whether Binance violated sanctions on Iran by not stopping certain trading on its platform. The Manhattan U.S. attorney's office is handling the inquiry, with the Justice Department's criminal division in Washington also involved.

The transactions under examination were not clear, but authorities are scrutinizing whether the exchange knowingly allowed the trading. This development adds to the growing scrutiny of Binance by regulators worldwide.

As part of this investigation, prosecutors are examining whether Binance 'knowingly' let Iran-linked trades through its platform. This inquiry has been ongoing for some time and involves multiple government agencies.