Binance Sues WSJ for Defamation as DOJ Opens Iran Sanctions Probe

first published 2026-03-11T11:48:20Z

The U.S. Department of Justice is investigating whether transactions routed through Binance enabled Iranian-linked networks to circumvent U.S. sanctions. Investigators are tracing transfers tied to more than $1 billion and have interviewed people with knowledge of the transactions. Binance says it cooperated with law enforcement, shut suspicious accounts after an internal review, and found about $24 million flowed to wallets linked to Iran’s IRGC; it denies directly transacting with sanctioned entities. The inquiry follows Binance’s 2023 $4.3 billion settlement and highlights ongoing regulatory scrutiny of crypto-sanctions evasion.

AI Analysis

DOJ is investigating transfers tied to >$1 billion routed through Binance and has conducted interviews; Binance reported ~$24M flowed to IRGC-linked wallets and previously settled for $4.3B. These are concrete legal and regulatory facts that increase downside risk for Binance/related assets.

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