[U.S. Senator Investigates Binance for Allegedly Facilitating Transactions Related to Iran] Odaily Planet Daily reports that Richard Blumenthal, the lead Democrat on the U.S. Senate Homeland Security Committee's investigative team, has launched an investigation into Binance following reports that the platform may have been involved in sanction evasion activities related to Iran. In a letter to Binance CEO Richard Teng, Blumenthal requested records of Iranian users' activities on Binance, internal compliance investigation materials, and documents regarding the dismissal of relevant employees. Media reports indicate that Binance's compliance team had discovered that partners Hexa Whale and Blessed Trust were being used as money laundering intermediaries and provided transaction channels for entities linked to the Iranian government. Employees involved in the investigation were reportedly disciplined or dismissed. Binance has denied the allegations.