Story perspectives

Binance Faces Scrutiny Over $1.7B Terrorism Funds Transfer

2/23/2026

Summary

Story summary

Internal investigations at Binance show over $1.7 billion moved from two accounts to Iranian entities linked to terrorism, potentially violating sanctions.
Following these findings, Binance suspended or fired at least four employees.
Binance says it has cut exposure to sanctioned entities by 97% since January 2024.
Changpeng Zhao, co-founder of Binance, says Binance.US is expanding after dismissal of a lawsuit and that he has no plans to return as CEO.

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Story summary

Internal investigations at Binance show over $1.7 billion moved from two accounts to Iranian entities linked to terrorism, potentially violating sanctions.
Following these findings, Binance suspended or fired at least four employees.
Binance says it has cut exposure to sanctioned entities by 97% since January 2024.
Changpeng Zhao, co-founder of Binance, says Binance.US is expanding after dismissal of a lawsuit and that he has no plans to return as CEO.