Binance Says Treasury Sent Letter Over Monitorship of Exchange
Treasury says Binance must provide records to its monitor after compliance reports alleged more than $1 billion in Iran-linked transfers.
- On Thursday, the Treasury Department "privately demanded" that Binance comply with a monitoring program established after the exchange's 2023 guilty plea regarding sanctions and anti-money-laundering violations.
- Allegations that more than $1 billion flowed through Binance to Iran-linked entities prompted this pressure, though the exchange disputes the reports and denies firing internal investigators.
- Treasury Under Secretary for Terrorism and Financial Intelligence Gene Lange recently sent a letter to Binance requiring critical data, as the U.S. intensifies "Operation Economic Fury" to disrupt Iranian financial networks.
- While the exchange's native token, BNB, fell to about $641 following the news, a Binance spokesperson said the company is "committed to cooperating with the independent monitor."
- Chainalysis estimates Iran generated approximately $7.78 billion in crypto activity during 2025, with IRGC-linked wallets receiving more than $3 billion, illustrating the scale of U.S. enforcement priorities.
13 Articles
13 Articles
Treasury Privately Demands Binance Comply With 2023 Monitoring Program After $1B Iran Flow Report
The U.S. Treasury Department has privately demanded that Binance follow the compliance monitoring program it agreed to as part of its 2023 guilty plea, The Information reported Thursday. The directive marks a sharp shift from the lighter posture regulators had shown the world’s largest exchange in recent months. Treasury Under Secretary for Terrorism and Financial Intelligence Gene Lange sent a letter to Binance “in the past few weeks” reminding…
Binance Under Spotlight by US Treasury, After Reports of $1 Billion Flowing to Iran...
The U.S. Treasury Department is squeezing Binance again, and this time the screws are turning over Iran. According to a report from The Information, federal officials have privately demanded the world's largest crypto exchange fully comply with the monitoring program imposed on it after its 2023 guilty plea, after fresh evidence allegedly surfaced that more than a billion dollars in crypto moved through Binance to Iran-linked entities.What Treas…
Treasury leans on Binance after reports tied exchange to Iran-linked crypto flows
Binance is facing renewed pressure from the U.S. Treasury Department after reports alleged that more than $1 billion in cryptocurrency transactions tied to Iranian entities moved through the exchange in 2024 and 2025, according to reports. The outreach marks the latest challenge for the world’s largest crypto exchange, less than three years after it agreed to one of the biggest settlements in U.S. financial enforcement history. According to The …
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
