Iranian Network Reportedly Used Binance to Move $850M in Funds: WSJ

WSJ Reveals How Iran Connections Drew US and Swiss Investigators to a Binance Customer

A report published by The Wall Street Journal revealed that transactions linked to an Iranian financial intermediary and recurring account logins from Tehran drew intense scrutiny from prosecutors and investigators in the United States and Switzerland toward a Binance customer. Reports indicate that the exchange flagged the activity as suspicious and subsequently froze the associated ...

Iranian Network Reportedly Used Binance to Move $850M in Funds: WSJ

Binance reportedly processed $850 million through an Iranian network tied to sanctioned financier Babak Zanjani and IRGC-linked wallets, but disputes the claims.

Binance Accounts Linked to Zanjani Moved About $850 Million

An 80-page Binance report identified 21 accounts and at least $67 million sent to wallets associated with Iran’s Islamic Revolutionary Guard Corps.