Binance Claims It Cut Sanctioned Exposure by 97% Amid Iran-Linked Billion-Dollar Fund Flow Allegations

Key Takeaways

• Binance claims a 97% driblet successful sanctioned vulnerability since aboriginal 2024, backed by interior information and extended compliance investments.

• Fortune reported implicit $1 cardinal successful Iran-linked Tether flows and firings of investigators who flagged the activity.

• Binance powerfully denies violations oregon retaliation, calls the communicative false, and says departures followed unrelated argumentation breaches.

Binance, the world’s largest cryptocurrency speech by trading volume, has made bold claims astir dramatically reducing its vulnerability to sanctioned entities by astir 97% since aboriginal 2024.

The announcement comes amid contention surrounding alleged Iran-linked money flows that reportedly exceeded $1 cardinal successful Tether (USDT) transactions, sparking heated statement successful the crypto community.

On Feb. 23, Binance published a blog station titled “Setting the Record Straight.”

The blog elaborate what it calls the astir rigorous compliance measures successful the industry.

The speech claims it has outperformed its top-10 planetary peers successful managing sanctions-related risks.

According to the blog, Binance’s vulnerability to sanctioned entities dropped from 0.284% of full trading measurement successful January 2024 to conscionable 0.009% by July 2025—a astir 97% decrease.

Direct interactions with 4 main Iranian crypto exchanges reportedly fell from $4.19 cardinal successful January 2024 to $110,000 by January 2026.

The speech highlighted the standard of its compliance efforts.

Approximately 25% of its planetary workforce—over 1,500 employees and contractors—is dedicated to compliance.

Binance claims it spends hundreds of millions of dollars connected precocious screening technologies, monitoring systems, and grooming programs.

Compliance investigations astatine Binance are handled independently and are not taxable to interference from shareholders oregon enforcement leadership. While the Chief Compliance Officer provides reports to the absorption committee, compliance decisions are based connected instrumentality and established procedures – not commercialized considerations,” the speech wrote.

In 2025 alone, Binance reported responding to much than 71,000 instrumentality enforcement inquiries worldwide, helping retrieve implicit $131 cardinal successful illicit currency and conducting implicit 160 grooming sessions for regulators and instrumentality enforcement.

Despite the decentralized quality of blockchain, the institution said it investigates each credible threat, blocks suspicious accounts, and reports violations to authorities erstwhile necessary.

Founder Changpeng Zhao (CZ), present an advisor, emphasized the spot of Binance’s compliance programme connected X, saying it remains among the champion successful the industry.