US Department of Justice investigates Iran's use of Binance to evade sanctions

The US Department of Justice is investigating Iran's evasion of US sanctions through the cryptocurrency exchange Binance. According to reports, Binance had launched an internal investigation into suspicious fund flows exceeding $1 billion, but the investigation has been halted. These funds flow through the Binance platform to a network that provides funds to terrorist organizations supported by Iran, including the Houthi armed forces in Yemen. The investigation focuses on related fund flows and compliance risks.