DOJ probes Iran’s alleged use of Binance to evade US sanctions: WSJ

The Department of Justice is investigating Iran’s use of Binance for alleged sanctions evasion after the exchange repeatedly denied wrongdoing.

The US Department of Justice is reportedly investigating Iran’s use of Binance for alleged sanctions evasion.

The DOJ is investigating whether Iran used Binance to evade US sanctions and whether transactions on the exchange helped route funds to networks linked to Iran-backed groups, including Yemen’s Houthi militants, the Wall Street Journal reported Wednesday, citing company documents and people familiar with the matter.

The WSJ said it remains unclear whether the DOJ is investigating Binance itself, its users, or both. Officials have contacted people with knowledge of the transactions to seek interviews and gather evidence, the report said.

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