Category: Binance

Binance Under Fire After Reports That $1.7 Billion in Crypto Flowed to Iran

The New York Times – Business:
The world’s largest crypto exchange is under fire after investigators found accounts moving $1.7 billion to Iranian entities. Clues about those accounts were in plain sight for over a year.
In a Memoir Draft, Changpeng Zhao of Binance Details the Talks Leading to His Prison Time

The New York Times – Business:
In a draft of his memoir, Changpeng Zhao, the founder of Binance, laid out the secret negotiations that led to his imprisonment and a run-in with ICE.
Senator Blumenthal Opens Inquiry Into Iran Transactions on Binance

The New York Times – Business:
Senator Richard Blumenthal of Connecticut sent a letter to Binance asking about the flow of $1.7 billion from accounts on the crypto exchange to Iranian entities.
Binance Pledged to Crack Down on Crime. Its Employees Found Potential Violations.

The New York Times – Business:
Internal Binance investigators traced $1.7 billion that flowed from accounts on the exchange to entities linked to Iran, according to company records and other documents.

Binance Under Fire After Reports That $1.7 Billion in Crypto Flowed to Iran