Overview
- U.S. Treasury sent Binance a private letter that sought staff interviews and records tied to possible Iran sanctions breaches.
- The note, reported by The Information and Bloomberg, told the exchange to fully cooperate with its government-appointed monitors and to share documents without delay.
- Binance said it is working with the independent monitor and relevant agencies and described its cooperation as full and transparent.
- The latest pressure follows media reports that more than $1 billion, with some estimates near $1.7 billion, moved through Binance to Iran-linked entities in 2024 and 2025.
- Binance’s oversight stems from a 2023 plea deal that imposed about $4.3 billion in fines and installed DOJ and FinCEN monitors, as lawmakers and the Justice Department continue reviews with no new public enforcement announced.