DOJ Investigating if Iran Used Binance to Evade Sanctions: WSJ

The U.S. Justice Department is reportedly investigating Iran's usage of Binance to evade sanctions, according to a study published Wednesday successful the Wall Street Journal.

Citing sources acquainted with the matter, the WSJ reports that officials person contacted radical with cognition of transactions that saw much than $1 cardinal allegedly travel done the speech to Iran-backed panic groups, per a erstwhile study successful the newspaper. According to the WSJ's reporting, the officials are seeking interviews and gathering evidence, though the insubstantial was incapable to find whether the probe is targeting Binance itself oregon customers who utilized the exchange.

A Binance spokesperson cited successful the WSJ story said that the speech “categorically did not straight transact with immoderate sanctioned entities,” and that it had “uncovered a sophisticated, multijurisdictional signifier of fiscal activity” successful which links to Iran were “only identified and sanctioned aft Binance began investigating and taking enactment successful fastener measurement with instrumentality enforcement to unopen down this network.”

Wednesday's communicative follows a erstwhile study successful the Wall Street Journal alleging that Binance had allowed immoderate $1.7 cardinal worthy of transactions tied to Iranian and Russian sanctions evasion to hap connected the platform.

An earlier study by Fortune citing aggregate sources and interior documents claimed that Binance had fired members of its compliance team, aft grounds was uncovered indicating that Iran-linked entities had received much than $1 cardinal done the speech betwixt March 2024 and August 2025.

Binance has responded forcefully to the allegations of a DOJ investigation, filing a suit against the Wall Street Journal for "false and defamatory reporting" successful its Wednesday story. Last week, Binance denied having violated U.S. sanctions connected Iran successful a missive sent to U.S. Senator Richard Blumenthal (D-Conn), who launched a probe into the speech pursuing media reports of alleged violations.

In a property release, Binance's Global Head of Litigation, Dugan Bliss, alleged "significant reputational harm and concern consequences" resulting from the WSJ's reporting, adding that the suit was a "necessary measurement to support ourselves against misinformation" and clasp the paper accountable for "prioritizing clicks implicit journalistic integrity."

Binance Denies $1.7 Billion successful Iran Sanctions Violations Amid US Senate Probe

The speech added that it has built "one of the largest and astir robust compliance programs" successful the crypto industry, pointing to "measurable improvements" including the freezing of hundreds of millions of dollars linked to illicit activity. It claimed that sanctions-related vulnerability had declined by 96.8% from January 2024 to July 2025, and that nonstop vulnerability to Iran's 4 large crypto exchanges had dropped by 97.3% betwixt January 2026 and January 2026.

Decrypt has reached retired to Binance for remark and volition update this nonfiction should the speech respond.