Manhattan US Attorney leading probe into Binance’s Iran compliance: Bloomberg
The investigation is examining whether Binance knowingly allowed trading that violated US sanctions on Iran, months after reports first revealed a Justice Department probe.
The Manhattan US Attorney's Office is leading an investigation into Binance, examining whether the cryptocurrency exchange knowingly facilitated trading that violated US sanctions on Iran, according to Bloomberg. This probe comes after earlier reports of a Justice Department investigation, first disclosed in March. Bloomberg's report provides additional details about the ongoing investigation, stating that both the Justice Department's Criminal Division in Washington and the Manhattan US Attorney's Office are involved.
A Binance spokesperson responded to the report, reaffirming the company's zero-tolerance policy for sanctions violations and expressing its commitment to cooperating with law enforcement. However, the spokesperson did not explicitly confirm whether Binance is aware of the investigation. The Wall Street Journal had previously reported in March that the DOJ was examining potential links between Iran and Binance, citing internal company documents and people familiar with the matter.
At that time, the Journal noted uncertainty surrounding whether the investigation targeted Binance directly, its users, or both. Binance had told Cointelegraph at that time it was unaware of any DOJ investigation.
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