Story perspectives

Binance Fires Compliance Team Over $1.7B Sanction Violations

2/24/2026

Summary

Story summary

Binance fired multiple compliance investigators after they flagged more than $1 billion in transactions linked to Iranian groups, including the Revolutionary Guards Corps.
The transactions totaled $1.7 billion.
The funds were funneled through accounts associated with vendors Blessed Trust and Hexa Whale Trading, using Tether stablecoins to evade sanctions.
Executives were informed in late 2025.
Binance has notified U.S. authorities about the violations.

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Story summary

Binance fired multiple compliance investigators after they flagged more than $1 billion in transactions linked to Iranian groups, including the Revolutionary Guards Corps.
The transactions totaled $1.7 billion.
The funds were funneled through accounts associated with vendors Blessed Trust and Hexa Whale Trading, using Tether stablecoins to evade sanctions.
Executives were informed in late 2025.
Binance has notified U.S. authorities about the violations.