US Justice Department probes Binance over alleged Iran sanctions violations
- —Manhattan federal prosecutors and DOJ criminal division are conducting the probe
- —Prosecutors seek forfeiture of $61 million tied to Iranian oil proceeds
- —Binance says it has zero tolerance for sanctions violations and is cooperating
- —Binance pleaded guilty in 2023 and paid a $4.3 billion fine
Why it matters: The fresh investigation exposes Binance to further penalties and reminds the market that regulatory risk for the largest crypto exchange remains elevated.
Source: Bloomingbit