Binance Rejects Claims of Iran-Linked Transactions and Staff Firings

Crypto change Binance pushed again in opposition to a latest report by Fortune, rejecting allegations that it enabled sanctions-violating transactions tied to Iran and fired compliance investigators who raised issues.

Fortune reported Friday that inner investigators at Binance found greater than $1 billion in transfers linked to Iranian entities transferring via the platform between March 2024 and August 2025. The transactions had been stated to contain Tether’s USDt (USDT) stablecoin on the Tron blockchain.

Citing unidentified sources, the report claimed that a minimum of 5 investigators, a number of with law-enforcement backgrounds, had been later fired after documenting the exercise. The outlet additionally reported that extra senior compliance workers had departed the corporate in latest months.

Binance disputed the characterization in a proper response. “That is categorically false. No investigator was dismissed for elevating compliance issues or for reporting potential sanctions points as there are not any violations,” the change wrote in an e-mail shared by CEO Richard Teng.

Binance denies sanctions violations after inner evaluation

Binance stated it performed a full inner evaluation with exterior authorized recommendation and discovered no proof it had violated relevant sanctions legal guidelines in reference to the referenced exercise. It additionally rejected the suggestion that the change failed to fulfill its regulatory obligations below ongoing oversight.

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The dispute lands as Binance stays below heightened scrutiny since its 2023 settlement with US authorities by which it agreed to pay $4.3 billion for Anti-Money Laundering (AML) and sanctions violations. Founder Changpeng Zhao stepped down as CEO and later served a four-month jail sentence. Binance additionally agreed to being monitored and pledged to strengthen compliance controls.

Binance denied claims it’s failing to fulfill regulatory obligations, saying it continues to cooperate below monitoring and oversight necessities. “The article means that Binance is “reneging” on its regulatory obligations. This assertion is fake,” the change stated.

Binance acknowledged Cointelegraph’s request for remark, however had not responded by publication.

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FT report questions Binance compliance controls

A December report by the Monetary Occasions additionally claimed that Binance allowed a group of suspicious accounts to maneuver vital sums via the change even after its US legal settlement in 2023. Inner knowledge reviewed by the publication confirmed 13 such person accounts had about $1.7 billion in transactions since 2021, together with about $144 million after the plea settlement.