The Manhattan U.S. Attorney’s Office is investigating whether Binance knowingly allowed trading that breached U.S. sanctions on Iran, according to a Tuesday report from Bloomberg. The report adds fresh detail to a Justice Department inquiry that was first reported in March. Bloomberg said the Justice Department’s Criminal Division in Washington is also involved, citing people familiar with the matter. In a statement to Cointelegraph, a Binance spokesperson said the exchange has a zero-tolerance policy for sanctions violations, fully cooperates with law enforcement, and remains committed to shutting down bad actors. The company did not directly say whether it is aware of the reported investigation. Bloomberg’s report follows a March Wall Street Journal article that said the DOJ was examining whether Iran used Binance to evade U.S. sanctions, though it was unclear at the time whether investigators were focused on Binance, its users, or both. The report also noted that an investigation does not by itself establish wrongdoing and can end without charges.
The Manhattan U.S. Attorney’s Office is investigating whether Binance knowingly allowed trading that violated U.S. sanctions on Iran, Bloomberg reported Tuesday, adding new detail to a Justice Department inquiry first reported in March.
Bloomberg, citing people familiar with the matter, said the Justice Department’s Criminal Division in Washington is also involved in the investigation.
Binance statement stops short of addressing the reported probe
Asked for comment by Cointelegraph, a Binance spokesperson said: "We maintain a zero-tolerance policy for sanctions violations. We fully cooperate with law enforcement, and we remain committed to rooting out and shutting down bad actors."
The statement did not directly address whether Binance is aware of the investigation described in the Bloomberg report.
March report had already pointed to DOJ scrutiny
In March, The Wall Street Journal reported that the DOJ was examining whether Iran used Binance to evade U.S. sanctions, citing company documents and people familiar with the matter.
At the time, the Journal said it was unclear whether the DOJ was investigating Binance itself, its users, or both.
Binance told Cointelegraph then that it was not aware of any DOJ investigation.
An investigation does not by itself establish wrongdoing
Bloomberg’s report noted that an investigation does not establish wrongdoing and may end without charges being filed.
Cointelegraph also referenced a related development: a U.S. senator has asked for an update on the Binance monitor as scrutiny tied to Iran sanctions continues.
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