Overview
- Blumenthal, who sent letters Friday, asked DOJ and FinCEN to confirm the status of two Binance monitors, disclose any misconduct reports, and deliver documents by April 24.
- The monitors were required under Binance’s 2023 guilty plea with a $4.3 billion penalty and began in 2024 to oversee fixes to sanctions and anti–money laundering controls.
- Multiple outlets reported that more than $1 billion in crypto reached Iran-linked wallets and that some internal investigators were fired after raising alarms, claims Binance rejects.
- The Justice Department opened a probe last month into possible Iran sanctions evasion through Binance, with interviews underway and transfer evidence under review.
- Prior reporting in 2025 showed DOJ scaling back some corporate monitorships, which has fueled concern that Binance’s court-ordered oversight may not be active or effective.