Regulation· ★★★★· bearish·

US Justice Department probes Binance over possible Iran sanctions evasion

  • —The probe is led by the SDNY US Attorney's Office and the DOJ criminal division
  • —Investigators are reviewing Binance's compliance and its checks on ultimate beneficiaries
  • —The DOJ previously accused intermediaries of laundering $1.5 billion from Iranian oil sales
  • —Blessed Trust and Hexa Whale Trading allegedly used Binance corporate accounts in the scheme
Why it matters: A fresh investigation into the largest exchange raises the risk of penalties and sanctions, potentially weighing on market sentiment and BNB.
#BNB
Source: CoinSpot
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