Federal prosecutors target Binance over alleged sanctions

• United States federal prosecutors opened an investigation into Binance regarding potential violations of economic sanctions targeting Iran, according to an exclusive report by Bloomberg News.
• The Manhattan United States Attorney’s Office is leading the inquiry alongside the Justice Department Criminal Division in Washington.
• Investigators are examining whether the digital asset platform knowingly permitted transactions that breached federal trade restrictions, according to an exclusive report by Bloomberg News.

United States federal authorities have launched a formal inquiry into compliance controls at the world's largest cryptocurrency exchange, according to an exclusive report by Bloomberg News.

The fresh regulatory scrutiny reopens compliance questions following a historic 2023 settlement where the exchange resolved prior anti-money laundering infractions.

“We maintain a zero-tolerance policy toward sanctions violations,” according to a company spokesperson on an exclusive report by Bloomberg News.

Federal investigators are focusing specifically on whether internal monitoring systems failed to flag and block trades tied to restricted jurisdictions.

“We fully cooperate with law enforcement, and we remain committed to rooting out and shutting down bad actors,” a company spokesperson said on an exclusive report by Bloomberg News.

The probe arrives as Washington intensifies macroeconomic pressure and financial enforcement campaigns across illicit cross-border networks.

Market participants continue monitoring the proceedings as regulatory compliance oversight remains a critical pillar for institutional digital asset adoption.

Following the announcement, BNB was trading down at $580.40, according to an exclusive report by Bloomberg News.