Binance Responds to $1.7B Iran Sanctions Claim
Binance responded to claims from Senator Blumenthal that it facilitated $1.7B in transfers to Iran-linked groups. The exchange called the allegations false.
Some key points from Binance’s report:
- Illicit exposure fell 97% (from 0.284% to 0.009%)
- $752M in illicit funds seized with law enforcement
- 71,000+ law enforcement requests handled in 2025
- No direct transactions with Iranian entities
Eleven senators are urging the DOJ to investigate, with a March 13 deadline for a federal response. No formal charges have been filed.