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Senator Blumenthal Investigates Binance's $1.7B Iran Transfers

2/25/2026

Summary

Story summary

Senator Richard Blumenthal (D-Conn.) launched an inquiry into Binance over sanctions violations.
The inquiry centers on $1.7 billion in Binance crypto transfers to Iranian entities linked to terrorism.
Blumenthal sent a letter to Binance's co-CEO requesting records about staff involved, reportedly suspended or fired.
Binance pleaded guilty to anti-money-laundering violations in 2023 and said it detected suspicious activity.
Binance removed Iranian-linked accounts and severed ties with a Hong Kong business.

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Story summary

Senator Richard Blumenthal (D-Conn.) launched an inquiry into Binance over sanctions violations.
The inquiry centers on $1.7 billion in Binance crypto transfers to Iranian entities linked to terrorism.
Blumenthal sent a letter to Binance's co-CEO requesting records about staff involved, reportedly suspended or fired.
Binance pleaded guilty to anti-money-laundering violations in 2023 and said it detected suspicious activity.
Binance removed Iranian-linked accounts and severed ties with a Hong Kong business.