WSJ reports Binance moved $850M through Iran-linked network; exchange denies allegations.
Regulation & Gov ·
The Wall Street Journal reported that Binance moved approximately $850 million through an Iran-linked network, according to Benzinga, though the exchange has disputed the allegations. The incident comes as Binance's senior compliance staff have departed from financial crime roles and its Chief Compliance Officer has signaled a potential exit amid a Department of Justice investigation into Iran-related activity.