Binance Under Pressure: US Treasury Issues Ultimatum Over $1B Iran-Linked Flows
Binance has been under heightened scrutiny in recent months over allegations that it helped facilitate illicit crypto activity tied to Iran. The latest development is that the US Treasury Department has delivered a private ultimatum to the exchange. Binance Under The Spotlight Again According to The Information, the US Treasury sent a letter to Binance […]
Related News
The Wall Street Journal published a report on May 22 alleging that a covert payments network linked to Iran moved approximately $850 million through Binance — the world’s largest cryptocurrency exchange — with activity continuing as recently as December 2025, as a military confrontation between the US and Iran escalated. Binance CEO Richard Teng rejected […]
The Ether Machine, an Ethereum treasury firm, has confidentially submitted a draft registration statement on Form S-4 with the US Securities and Exchange Commission as part of a planned merger with blank-check firm Dynamix Corporation. Related Reading: Israel’s Counter-Terror Unit Flags Large Stablecoin Flows Linked To Iran Reports have disclosed the move as the next […]
Senator Richard Blumenthal has escalated his scrutiny of Binance, sending a follow‑up letter on April 1 to co‑CEO Richard Teng that presses the crypto exchange to explain apparent discrepancies between its testimony to the Senate and subsequent media reporting about transactions tied to Iran. The New Haven Democrat said he is concerned that Binance may have provided “misrepresentations or misleading information to the Subcommittee and to the public,” and he demanded documents and records the company relied on in preparing its earlier responses. Senate Probe Seeks Wallets, Transactions,....
A report says that despite a company ban and economic penalties on Iran, the largest cryptocurrency exchange Binance continued to serve Iranian customers. Binance Under Fire In spite of Iran being added to Binance’s blacklist of countries it would not do business with, local traders reportedly continued to do so, according to a Reuters report. […]
Iran has launched a new maritime insurance platform for cargo moving through the Strait of Hormuz, with payments settled in Bitcoin, according to a report from Iran’s semi-official Fars News Agency. The project places Bitcoin inside one of the world’s most politically sensitive shipping corridors, where energy flows, sanctions pressure and maritime risk have become […]