Iran Reportedly Funneled Billions Through Binance To Fund Its Military

Reports say an Iranian network tied to Babak Zanjani moved hundreds of millions, and possibly billions, through Binance.

Some of the funds may have supported Iran’s military, according to internal compliance reports and media investigations.

Binance reportedly flagged the activity, but the accounts stayed open for months, raising sanctions-compliance concerns.

The allegations have triggered a U.S. Senate probe and renewed scrutiny of Binance’s controls over sanctioned funds.