This was one of the most common headlines of the Biden era, and surprisingly, WSJ just gave everyone a deja vu. According to the WSJ report, the US Department of Justice launched an investigation into the Binance exchange. The issue is Iran and Binance’s role in breaking the sanctions is being investigated. Recently, US politicians have also made various claims about Binance.
Binance Last Minute
According to WSJ sources Binance The exchange is being investigated by the US Department of Justice. It is being examined whether Iran is using the stock market to evade sanctions. It was previously claimed that approximately $1.7 billion worth of crypto assets were transferred to Iranian groups under sanctions via Binance, but today we learn that this is the subject of an investigation.
“Investigation, crypto platform It focuses on money flowing through networks that support terrorist groups, including Houthi militants in Yemen.” – WSJ
Allegedly, Binance exchange’s internal compliance team detected this and reported it to the management. However, at least five senior inspectors who reported these violations were allegedly terminated or disciplined. Although Binance denies these allegations, the investigation claim made today is disturbing.
BinanceIn the historic $4.3 billion agreement it made with the USA in 2023, it promised that it would not violate sanctions again. If these new claims are proven, this will not have good consequences for the stock market. So, the only thing crypto was missing was a new stock market FUD. After the war, stock market FUD also came and there is nothing missing in crypto.
