legal matter

Manhattan US Attorney leading probe into Binance’s Iran compliance: Bloomberg

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Federal prosecutors in the U.S. are examining Binance’s handling of Iran-linked activity on its platform, including whether trading that violated sanctions was knowingly allowed. The review also reaches back to whether compliance changes made in 2023 held up under scrutiny.

Key claims & sources

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The Manhattan U.S. attorney’s office is leading a probe into Binance’s Iran compliance, and the inquiry is looking at whether trading that violated U.S. sanctions was knowingly allowed.
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Prosecutors are asking whether Binance’s compliance fixes from 2023 were effective, while Binance says it has a zero-tolerance policy for sanctions violations.
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Federal prosecutors, including the U.S. Department of Justice, are investigating whether Binance let Iran-linked activity move through its platform in a way that avoided U.S. sanctions.

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Coverage timeline

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first
Sep 22 02:22
+7 h 25 m
Sep 22 09:47
Decrypt context
Its angle: violations, tolerance, probes; with quotes
+14 h 29 m
Sep 22 16:52
Bitcoin Magazine adds
Adds $61M, with quotes