Binance Processed Risky Transactions Even After $4.3B U.S. Settlement, Report Says
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Binance processed approximately $144 million in suspicious transactions linked to Iran and Hezbollah post its $4.3 billion U.S. settlement in 2023. The exchange continued operating under tightened compliance despite previous agreements to enhance anti-money laundering measures.
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- Binance processed suspicious transactions even after agreeing to tighter U.S. compliance rules.
- Some accounts were linked to networks tied to Iran and Hezbollah, the report said.
- Around $144 million in activity occurred after Binance’s 2023 settlement.
Cryptocurrency exchange Binance continued to process hundreds of millions of dollars in transactions through accounts flagged for suspicious activity even after reaching a settlement with U.S. authorities in 2023, according to a new investigation.
The report says Binance handled significant volumes from accounts that showed clear warning signs, despite the exchange agreeing to tighten its anti-money laundering controls as part of a $4.3 billion settlement with the U.S. Justice Department in November 2023.
Based on internal records reviewed by the newspaper, the transactions span from 2021 through 2025. Important…
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