Binance Denies Report Alleging Iran-Linked Transfers

An investigative report alleged more than $1 billion in transfers connected to Iranian entities, including USDT moved on the Tron network between 2024 and 2025, and said internal investigators who documented the activity were later dismissed ^[2][3].

Binance has firmly rejected the allegations, disputing the claims about Iran-linked transactions and saying its compliance controls and monitoring programs are robust; the company pointed to audit findings and reiterated commitments to transaction monitoring ^[1].

CEO Richard Teng publicly denied the $1 billion sanctions-violation figure and rejected suggestions that the exchange retaliated against investigators who raised concerns, characterizing the reporting as inaccurate ^[2][3].

The dispute arrives amid heightened U.S. enforcement attention on crypto platforms and increased scrutiny of stablecoins as part of broader sanctions strategies, framing the allegations within a wider regulatory debate ^[3][4].

The exchanges' denials and the investigative reporting have intensified discussion about sanctions compliance and regulatory oversight in the crypto industry, with both sides standing by their accounts as scrutiny continues ^[1][4].