DOJ Reviews Binance’s $4.3B Deal Over Iran Sanctions Concerns
Federal prosecutors filed a civil forfeiture case seeking $61 million tied to transactions involving proceeds from Iranian oil sales, and the complaint says Binance accounts were used in those transactions. Binance said it later offboarded the two Hong Kong entities named in the case. Separately, the DOJ is examining Binance’s compliance with its 2023 criminal settlement, with the forfeiture case sitting alongside that review.
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What changes in practice is that the government has moved from a settlement-era backdrop to a live forfeiture action and a compliance review, which means the case is no longer only about the 2023 agreement. What stays the same is that the dispute still turns on the alleged Iranian oil-sale proceeds and the Binance account activity described in the complaint.
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Has this happened before?
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