TechFlow reports that on March 11, according to The Wall Street Journal, the U.S. Department of Justice is investigating Iran’s use of Binance—the world’s largest cryptocurrency exchange—to circumvent U.S. sanctions. The probe focuses on over $1 billion in funds flowing through the platform to Iranian-backed terrorist networks, including Yemen’s Houthi movement. Previously, Binance had disbanded its internal investigation into these fund flows and dismissed related compliance personnel.
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