Manhattan prosecutors investigate whether Binance violated US Iran sanctions through platform trading

Federal prosecutors are investigating whether Binance Holdings Ltd. violated US sanctions on Iran by not stopping certain trading on its platform, according to people familiar with the matter ^[1].

The investigation is reported to be handled by the Manhattan US Attorney’s Office and to focus on Binance’s compliance controls and whether Binance was aware of the transactions ^{[2] [3]}.

Reporting also says the inquiry examines whether Binance knowingly allowed trading that violated US sanctions on Iran, and notes that it follows earlier reports of a Justice Department probe ^[3].

Crypto Briefing characterized the investigation as highlighting compliance enforcement challenges and scrutiny faced by cryptocurrency exchanges ^[4].