A failure to meet the obligations of the prior settlement could revive criminal prosecution and expose the platform to billions of dollars in additional fines. Federal prosecutors have already sought to seize $61M in assets they claim were laundered through the exchange from Iranian oil sales. Binance stated it remains committed to cooperating with law enforcement and is continuing to strengthen its compliance controls.
Tuesday, October 20, 2026
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Binance Processed $850M in Iranian Funds Risking 2023 Deal Breach
Crypto11 days ago
The US Department of Justice is reviewing whether a cryptocurrency exchange failed to uphold its previous legal commitments to federal authorities. The head of the DOJ's criminal division confirmed in an interview that officials are evaluating if Binance complied with a 2023 plea agreement after reports it moved nearly $850 million for an Iranian sanctions-evasion network. The Wall Street Journal reported that these transactions transferred funds linked to the Islamic Revolutionary Guard Corps.
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