Binance tells Senate it found no accounts that sent crypto directly to Iran

Binance, via its lawyers, told a U.S. Senate investigation it found no evidence that accounts on its platform transacted directly with Iranian entities, refuting allegations that $1.7 billion in crypto flowed through the exchange to Iran-linked groups. The response, in a March 6 letter to Sen.

Richard Blumenthal’s Permanent Subcommittee on Investigations, followed his inquiry into whether funds moved to Iran-linked organizations, including Yemen’s Houthi militants. The probe came after media reports that internal Binance investigators had identified transactions tied to Iranian entities.

Binance said its review began after law enforcement contacted the company last April seeking information about transactions between Binance wallets and several external addresses. The exchange provided user records and transaction information to investigators and said the internal review found only indirect exposure to wallets that may have links to Iran, with accounts tied to the activity removed.

United States

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